1282 Kingsway, Vancouver
Solid 2 level free-standing commercial property on busy Kingsway near Knight Street in Vancouver East. Restaurant Retail tenant have lease until April 1, 2020 with 5 year option. 2nd floor 3 bedroom unit rented on a month to month bases. Lot size approx. 4,114.21 sf (according to tax report), C-2 Commercial Zoning. Total net income approx. $60,400/year. Solid building with newer torched on roof and many updates in the residential unit. This is an excellent investment/holding property with great future re-development potentials.
Taxes (2019): $1,758,658.00