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$1,399,000

Est. payment - /mo

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6,534 Sqft Lot

Active

3203 Kingsway Ave Port Alberni, BC V9Y 3B3

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Kyle Kerr

kyle@initiumre.com +1(250) 818-5595

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 994060

Rental Info Unrestricted

Annual Tax Amount $12,113

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi Family

Property Description

Kingsway Hotel & Pub is an iconic landmark located in the Harbour Quay District and steps from the Port Alberni working waterfront. Enjoyed by both residents and tourists this area includes Fisherman's Wharf, Tyee Landing, several specialty shops, eateries and is home to the Sunday Farmer's Market and the annual Salmon Festival. Extensive upgrades have been completed since 2017 and current revenue is from apartment rentals and storage. Pub and restaurant currently closed but could be re-opened with minimal cost. Liquor License is available. Potential to increase value by adding 3 units in attic, subject to permit, operate pub, off sales and restaurant on ground floor or convert to four live/work units, subject to permit. Allowable uses of C7 zoning are extensive.

Location

Province BC

County Port Alberni, City Of

Area Pa Port Alberni

Zoning C7

Building

Lot Description Corner

Sewer Sewer Connected

Water Municipal

Others

Tax ID 002-381-974

Ownership Freehold

Listed by RE/MAX of Nanaimo - Dave Koszegi Group

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A, 4B1