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Listing by Amanda Neal AY Victoria Realty Ltd.
$ 5,700,000
Est. payment | /mo
14,535 SqFt
$ 5,700,000
Est. payment | /mo
14,535 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 14,535 sqft
Price per Sqft $392
MLS Listing ID 1015992
HOA Y/N No
Year Built 1981
Annual Tax Amount $68,354
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Retail
Property Description
14,535 SF Commercial Strata Investment Property - Four (4) Fully Leased Strata Lots
Excellent opportunity to purchase tenanted commercial strata units in the heart of Colwood. The premises are improved with a large daycare facility (10,835sf), a bakery, and BCMA community centre. The building benefits from high profile signage, frontage and easy access direct from Island Highway with a high vehicle traffic count. Centrally located in close proximity to amenities, public transit, the galloping goose regional trail, etc. Zoning allows for a wide range of commercial uses and the OCP calls for considerable growth and density. The improvements were originally constructed in 1981 as industrial units, complete with overhead doors, and subsequently converted into their current configuration with a second storey added to strata lot 9 in 2002. Offered at a 5.7% cap rate with rent escalations over the term, don't miss out on this unique investment opportunity.
Excellent opportunity to purchase tenanted commercial strata units in the heart of Colwood. The premises are improved with a large daycare facility (10,835sf), a bakery, and BCMA community centre. The building benefits from high profile signage, frontage and easy access direct from Island Highway with a high vehicle traffic count. Centrally located in close proximity to amenities, public transit, the galloping goose regional trail, etc. Zoning allows for a wide range of commercial uses and the OCP calls for considerable growth and density. The improvements were originally constructed in 1981 as industrial units, complete with overhead doors, and subsequently converted into their current configuration with a second storey added to strata lot 9 in 2002. Offered at a 5.7% cap rate with rent escalations over the term, don't miss out on this unique investment opportunity.
Location
Province BC
County Capital Regional District
Community Co Triangle
Area Colwood
Zoning C3-District Commercial
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold/Strata
Nearby Locations
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