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Main Photo: 2312 4500 KINGSWAY in Burnaby: Metrotown Retail for sale (Burnaby South)  : MLS®# C8055764
Photo 1: 2312 4500 KINGSWAY in Burnaby: Metrotown Retail for sale (Burnaby South)  : MLS®# C8055764
Photo 2: 2312 4500 KINGSWAY in Burnaby: Metrotown Retail for sale (Burnaby South)  : MLS®# C8055764
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Photo 5: 2312 4500 KINGSWAY in Burnaby: Metrotown Retail for sale (Burnaby South)  : MLS®# C8055764
Photo 6: 2312 4500 KINGSWAY in Burnaby: Metrotown Retail for sale (Burnaby South)  : MLS®# C8055764
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Photo 16: 2312 4500 KINGSWAY in Burnaby: Metrotown Retail for sale (Burnaby South)  : MLS®# C8055764
Photo 17: 2312 4500 KINGSWAY in Burnaby: Metrotown Retail for sale (Burnaby South)  : MLS®# C8055764
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Photo 19: 2312 4500 KINGSWAY in Burnaby: Metrotown Retail for sale (Burnaby South)  : MLS®# C8055764
Status:
Active
Prop. Type:
Retail
MLS® Num:
C8055764
Build. Type:
Low Rise (2-4 stories)
Great Investment property in busy & unique Crystal Mall in the heart of Metrotown. The 457sqf unit features wide facade with great exposure, superior traffic with few steps to food court, and no waste layout. Long term tenant just renewed 3 years contract. Considerable rent income & best time to invest now. This well managed & famous comprehensive shopping mall attracts many professionals including dentists, lawyers, accountants, HSBC, restaurants, traveling agents, phone shops, Hilton 5 stars hotel, food supermarkets, hair salons, emigrated study abroad companies, characterized stores . This central complex surrounded by many tall towers and businesses. Two minutes walk to skytrain & buses. One designated parking included and hundreds of free customer parking. RM5 zoning allows variety business usage for retail store or professional office. Hold on this solid investment now as great potential to grow in coming years while Metrotown is expanding to second downtown of Vancouver. Cap rate: 4.9.
Sale Type:
Asset
Construction:
Concrete
Building Type:
Low Rise (2-4 stories), Shopping Centre
Name of Complex/Subdivision:
# Other Units:
# Storeys:
2.0
Year built:
1998 (Age: 25)
Total Floor Area:
457 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RM5
Permitted Use:
Office, Retail
Taxes:
$6,745.13 / 2022
Visitor Parking
# Elevators:
1
Services Connected:
Cable, Electricity
Water Supply:
Municipal
HVAC:
See Realtor Remarks
Roof:
Sewer Septic:
Municipal/Community
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by Nu Stream Realty Inc.
Data was last updated December 5, 2023 at 08:10 AM (UTC)
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