2122 Kingsway

Vancouver, BC

$1,650,000

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Price$1,650,000

Lot size90.76' x 105.45 = 9,570.64 sq. ft.

ZoningC-2 (Commercial)

Cap rate8.3%

PID005-470-102, 005-470-188

Legal descriptionLot 2 & 3 of 3 to 5, Block 3, District Lot 393, Plan 1690

Overview

The subject property is a 3 storey concrete building comprised of five retail units on Kingsway, between Victoria Dr. and Nanaimo Street.

Improvements

– Three storey concrete building
– Sprinklered
– Rear loading area
– Five retail units
– Floors 2nd & 3rd currently used as a banquet hall and office space.

Description

Parking for the building is secured by way of an easement registered against the strata building located at 2150 Kingsway. (Easement No. L71436 over portions of common property of Strata Plan VR 1239). Approximately 42 parking stalls are available for use.

Rent Roll & Statements

For income and expense statement, please download the PDF information package above.

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Assessment 2004	Land Building Total	Land$814,000 Building$486,000 Total$1,300,000
Taxes 2004	$25,965.29
Income and expenses	Gross income Operating expenses Net operating income	Gross income$186,504 Operating expenses$49,133 Net operating income$137,371
Notes	Proforma 2005

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.