INVESTOR ALERT! Are you looking for a great investment with a 9 cap rate and a $2,557 positive cash flow per month after your mortgage is paid, this building takes very little time and energy? This 12-unit building is individually stratified and each unit has its own services with natural gas and hydro. Located in a nice commercial area zoned heavy industrial and offers a decent size lot where you can drive around the entire building. The lot and layout offer a nice arrangement as there is an area for storage and/or additional parking. Long term anchor tenant in place and the roof covering has recently been upgraded and replaced. If you want your money working for you, you may want to inquire about this property. A few long term tenants including Fortis BC (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Total Area
12,000 ft2
Features
Level lot
Listing Contract Date
2023-12-04
Municipal ID
007-882-891
Ownership Type
Freehold
# of Parking Spaces
36
Property Type
Industrial
Transaction Type
For sale
Zoning
Unknown
Building
Constructed Date
1979
Heating Type
See remarks
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
1.25 acres
Acreage
Yes
Current Use
Industrial
Landscape Features
Level
Sewer
Municipal sewage system
Size of Irregular Land
1.25
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