6975 KINGSWAYBURNABY, BC

Prime Kingsway Holding Property

FOR SALE

www.karimwinsor.com

KARIM WINSOR Personal Real Estate Corporation

TEL 604 319 6439 EMAIL karim@karimwinsor.com

LOCATION

The subject property is ideally situated on the north side of Kingsway between Griffiths Drive and Salisbury Av-enue. The 6900 block has an excellent mix of retailers in-cluding Bank of Montreal, Persia Foods, Save on Foods and many others. This is a prime location for a future highrise assembly with holding income.

PROPERTY

The property is improved with a 2 storey wood frame building that has been well maintained. The building is demised into three (3) tenancies, two on the main floor and one on the second floor. The building was originally built by the existing owner and is in excellent condition.

A S K I N G

PRICE$2,850,000

LOT SIZE 66 FT X 103 FT

ZONING C-4

NET INCOME (2016 EST.) $47,042

LEGAL DESCRIPTION PL NWP 66389 DL 95 LD 36

PARCEL IDENTIFIER (PID) 003-303-047

PROPERTY TAXES (2017) $15,391.96

The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by TRG Realty Ltd. or any of its affiliates. TRG Realty neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness or suitability of, or decisions based upon or in connection with, the Information. The Information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of TRG Realty.

www.karimwinsor.com

SUBJECT

LEASE SUMMARY

ADDRESS FLOOR LEASE AREA BASE RENT LEASE EXPIRY OPTION TO RENEW

6975 Kingsway Main 363 SF $ 5,455.92 DEC-31-2019 No

6975 Kingsway Main 1,112 SF $ 17,794.44 APR-30-2019 Yes 1 x 5 years

6975 Kingsway Second 1,519 SF $ 23,792.04 SEP-30-2020 Yes 1 x 5 years

$47,042.40

• HIGHGATE • SAVE ON FOODS • STARBUCKS

KARIM WINSOR Personal Real Estate Corporation

TEL 604 319 6439 EMAIL karim@karimwinsor.com

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EXPO LINE

Southern Railwayof BritishColumbia

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Edmonds Town Centre Plan

0 90 180 27045 Meters

1:12,000

General Land Use Designation Key

Single and Two Family Residential

Medium Density Multiple Family Residential (RM2/RM3)

High Density Multiple Family Residential (RM4/RM5)

High Density Mixed Use (RM5, C2/C3)

Medium Density Mixed Use (RM3/C2, C9)

Low/Medium Density Mixed Use (RM1/RM2, C1/C2)

Low or Medium Density Multiple Family Residential (RM1/RM2)

Commercial (C2/C3/C4)

Institutional (P1/P2/P5/P6)

Industrial (M2/M4)

Park and Public Use/Public School (P3)

Institutional and Medium Density Residential

T:\GIS\projects\development plans\maps\Edmonds.pdf - Updated to December 12, 2016

PLANNING & BUILDING DEPARTMENT

TOWN CENTREEDMONDS

Plan updated to December 12, 2016.

PLANNING & BUILDING DEPARTMENT

SUBJECT

SUBJECT

www.karimwinsor.com

• BANK OF MONTREAL

• HIGHGATE• STARBUCKS• SAVE ON FOODS

• NEW LIBRARY• NEW CRESSEY

DEVELOPMENT

6975 KINGSWAYBURNABY, BC