2117 2121 Kingsway Ave, Vancouver, BC
Freestanding Commercial Building
Lot size 99.03x120.9 (11,973 SF)
Less than 700m from Nanaimo Skytrain Station
Development Potential up to :
3.5 FSR Secured Rental
2.5 FSR Mixed Used
An exceptional opportunity awaits to acquire a freestanding two-story commercial property situated on nearly 12,000 square feet of land (2 PIDs), boasting prime exposure on Kingsway Ave in the desirable Kensington-Cedar Cottage neighborhood. Located a mere 700m from the Nanaimo Station & just a block away from Victoria Dr, this property offers premium retail visibility and excellent transit accessibility.
The neighborhood is currently undergoing extensive redevelopment, promising a surge in population, new retailers, shops, and essential civic amenities. The C2 zoning allows for up to 2.5 FSR (4-story market development or up to 3.5 FSR(6-story) secured rental project. Furthermore, neighboring properties may also be available for sale.
The second floor of the building has been vacated due to a prior fire incident, & the building’s size will need to be remeasured. Importantly, there are no tenant relocation costs or related hassles associated with development, as there are no existing residential tenancies in the building.