Property Overview
-
Status
Sold -
Address
Kingsley Manor
2121 Franklin Street
Vancouver, BC
Canada -
Neighbourhood
Grandview-Woodland -
# of Units
50 -
# of Storeys
3 -
Year Built
1969 -
Lot Size
24,651 SQFT -
Lot Size
1 Acres -
Zoning
RM-3A -
Price
Please Contact Listing Agents -
Building Type
Wood-frame -
SOLD
On behalf of Barafield Realty Ltd., Cushman & Wakefield ULC. is pleased to announce the sale of thirteen (13) multi-family rental properties comprising a total of 1,058 rental suites. The properties are located in four (4) municipalities, including Vancouver, Burnaby, Coquitlam, and Surrey, and represented an exceptional opportunity to acquire a mix of highly coveted income producing multi-family rental assets as well as rental intensification and condominium redevelopment projects in some of the region’s highest growth areas.
Among the portfolio sale, is Kingsley Manor, located at 2121 Franklin Street in Vancouver, BC. This 50-suite rental property is located in Vancouver’s emerging Grandview-Woodland neighbourhood. The Property not only presented an opportunity to acquire an exceptional rental asset, but also redevelop the Property to a higher-density rental building in an area known for its extremely low vacancy.
Kingsley Manor is a 3-storey wood-frame building with 50 rental suites, including 6 bachelor, 37 one bedroom , and 7 two bedroom suites. The building has approximately 41 underground and 5 surface parking stalls (46 total parking stalls).
