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$ 1,399,000
Est. payment | /mo
6,534 Sqft Lot
$ 1,399,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Commercial
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 Port Alberni
Zoning C7
Building
Lot Description Corner
Sewer Sewer Connected
Water Municipal
Others
Pets Allowed Yes
Tax ID 002-381-974
Ownership Freehold
Listed by RE/MAX of Nanaimo - Dave Koszegi Group
“Whether it’s your first apartment or pied-a-terre, a newly developed condo or a waterfront estate, our Advisors will work with you to understand your requirements and achieve your priorities.”
~ Adrian Langereis