2139 - 2147 Kingsway, Victoria VE, Vancouver East (C8069411)

2139 - 2147 Kingsway

Victoria VE, Vancouver East

$7,698,000

11,761 sqft

Luk Real Estate Group is pleased to list this fully-stratified property containing 14 residential units (8 one-bedroom + 6 two-bedroom) and 4 retail units. The property is fully occupied and produces steady income for investors and developers. As the property consists of 18 strata lots and is 100% owned by one owner, this makes it the perfect for repositioning and provides multiple exit strategies. Under the existing C-2 zoning, the property can be redeveloped as a purpose-bu…ilt rental building on it own with a density up to 3.50 FSR. If assembled, the property can be redeveloped for up to 3.70 FSR under the existing C-2 zoning. Adjacent to the property at 4589 Gladstone, is 6-storey mixed-use building built in 2024 that includes 284 beds for student housing and 12,000 SF of retail.
Listed by Macdonald Commercial Real Estate Services Ltd..

Luk Real Estate Group is pleased to list this fully-stratified property containing 14 residential units (8 one-bedroom + 6 two-bedroom) and 4 retail units. The property is fully occupied and produces steady income for investors and developers. As the property consists of 18 strata lots and is 100% owned by one owner, this makes it the perfect for repositioning and provides multiple exit strategies. Under the existing C-2 zoning, the property can be redeveloped as a purpose-built rental building on it own with a density up to 3.50 FSR. If assembled, the property can be redeveloped for up to 3.70 FSR under the existing C-2 zoning. Adjacent to the property at 4589 Gladstone, is 6-storey mixed-use building built in 2024 that includes 284 beds for student housing and 12,000 SF of retail.

Listed by Macdonald Commercial Real Estate Services Ltd..

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