$339,000
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435 Sqft Lot
SOLD DATE : 07/15/2022
Key Details
Sold Price $339,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 904491
HOA Fees $117/mo
Year Built 1998
Annual Tax Amount $2,105
Tax Year 2021
Lot Size 435 Sqft
Property Description
A SOLID LOCATION FOR FOOD INDUSTRY OR BOATING RELATED BUSINESSES. This commercial strata lot is an easy to manage investment with building maintenance and expenses controlled by strata management. The strength of the neighbouring marine sector and recreation related businesses have consistently shown that location to be reliable. The previous lease generated fabulous rental income from the caf/bakery tenancy. Based on previous tenancies 5% cap rate or more can be achieved. Invest in an established commercial area. Starting a small caf/ catering/take out or other food industry business would be well received especially due to the number of trades employed in the area.
Location
Province BC
County Capital Regional District
Area Si Sidney North-East
Exterior
Exterior Feature Sign: Dir Brd
Parking On Site 1
Utilities Available Garbage
Building
Lot Description Curb & Gutter, Irrigation Sprinkler(s), Level, Rectangular Lot, Serviced
Story 2
Sewer Sewer To Lot
Water Municipal
Structure Type Brick,Frame Wood,Insulation All,Insulation: Ceiling,Insulation: Walls
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Bought with Pemberton Holmes - Cloverdale
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