1 / 16

$6,980,000

2551 KINGSWAY

Vancouver · MLS® C8077620

10,000 sq ft · 4,008 sq ft lot

House · Multi-family · built 2021 · 184 days on market

Listed by Maureen Yeung, RE/MAX Westcoast

Realtor's description

Exceptional freestanding mixed-use income property built in 2021 in a prime Kingsway location. This newer asset offers 12 one-bedroom residential suites, 2 retail units, and 5 parking stalls, delivering strong in-place holding income, efficient day-to-day management, and excellent long-term upside. Featuring 12 independent gas meters for streamlined utility recovery, the property is designed for operational efficiency. Outstanding visibility, strong tenant appeal, and convenient access to transit, shopping, and major commuter routes further enhance its investment strength. Why settle for a 4.3% U.S. 10-year Treasury yield when this scarce freestanding mixed-use asset offers growing NOI, rental upside, inflation protection, and leveraged long-term wealth creation? Enjoy peace of mind with the balance of 2-5-10 home warranty coverage. Share sale preferred; asset sale may be considered.

Property details

Type: House, Multi-family
Living area: 10,000 sq ft
Lot: 4,008 sq ft
Parking: 0
Year built: 2021
Property tax: $31,143 / yr
Days on market: 184
MLS®: C8077620

Price check

Below typical for the area (-31%)

Price per sq ft: $698 vs $1,008 median for houses in Vancouver for sale (1704)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 184 days

The market here

Listed now: 56 days; median for 1817 houses for sale; this one 184 days

Houses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$33,006/mo

Mortgage $30,411 · Tax $2,595

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$30,411/ monthly

loan $5,584,000

25-year amortization

down payment20% · $1,396,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $3,539,357
property transfer tax: $267,000; BC general rate
cash to close: $1,663,000; down + PTT
total paid: $9,123,357

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 371 m² (3,993 sq ft) · PID 004-232-801. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Norquay Elementaryhomes in this catchment
300 m away · 4710 Slocan St, Vancouver · 604-713-4666
Secondary Windermere Secondaryhomes in this catchment
1.4 km away · 3155 27th Ave E, Vancouver · 604-713-8180

From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.