For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 856902
Year Built 1951
Annual Tax Amount $13,383
Tax Year 2019
Lot Size 7,405 Sqft
Property Sub-Type Retail
Property Description
Prime location Commercial building offers 4 retail units and one residential suite on 2nd floor. Long term tenants in place. C2 zoning allows wide range of uses. 6 parking spaces. 2 year old roof, and most windows updated. High traffic and visibility. Gross Income $67,200 from the 5 leases; Net Income $45,287 yielding a 3.48 % CAP after allowing 2% vacancy. Most rates on leases are below market rent.
Location
Province BC
County Capital Regional District
Area Sw Tillicum
Zoning C2
Interior
Heating Baseboard, Electric, Natural Gas
Flooring Mixed
Exterior
Exterior Feature Lighting, Low Maintenance Yard, Security System, Sign: Allowed, Sign: Pylon, Storefront
Parking On Site 1
Utilities Available Cable Available, Electricity Available, Garbage, Natural Gas Available, Phone Available, Recycling
Building
Lot Description Curb & Gutter, Level, Rectangular Lot, Sidewalk, Serviced, Central Location
Story 2
Foundation Block
Sewer Sewer To Lot
Water Municipal
Structure Type Frame Wood,Insulation All,Stucco
Others
Acceptable Financing Clear Title
Listing Terms Clear Title
Pets Allowed Yes
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Colliers Macaulay Nicolls
Have a Question?
Kory Prince
Owner/Director of Operations | -V61339
Owner/Director of Operations -V61339