$1,675,000
$1,675,000
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6,534 Sqft Lot
SOLD DATE : 09/29/2023
Key Details
Sold Price $1,675,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 927478
Sold Date 09/29/23
Rental Info Unrestricted
Year Built 1976
Annual Tax Amount $27,193
Tax Year 2022
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Industrial
Property Description
Price reduced below tax assessed value. Motivated Seller - Estate Sale. This is the first time this property has been on the market in approximately 50 years. The building is fully leased and has had significant improvements and renovations, including a roof replacement in 2019, 5 Heat Pumps recently added, Security Cameras, Security Fencing, Interior Lighting and Electrical upgrades. Attractive income with solid tenancies, upside potential on renewals. The property is on a corner lot (Burnside and Alpha) and has great visual exposure. The Burnside community is undergoing substantial re-development and improvement, making this property an excellent holding property. All sizes approximate and should be verified by Buyer - Please do not approach tenants or Owner/Executor.
Location
Province BC
County Capital Regional District
Area Vi Burnside
Zoning M-2
Interior
Heating Heat Pump
Cooling Other
Flooring Mixed
Exterior
Exterior Feature Awning(s), Balcony/Deck, Display Window, Fencing: Partial, Lighting, Security System, Sign: Allowed, Signband, Storefront
Parking On Site 1
Utilities Available Cable To Lot, Electricity To Lot, Phone To Lot
Total Parking Spaces 3
Building
Lot Description Central Location, Cleared, Corner, Curb & Gutter, Easy Access, Level, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Story 2
Sewer Sewer Connected
Water Municipal
Structure Type Concrete,Frame Wood,Stucco & Siding
Others
Tax ID 009-181-130
Ownership Freehold
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