UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1015992
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
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
Area Co Triangle
Zoning C3-District Commercial
Exterior
Parking On Site 1
Building
Story 1
Others
Ownership Freehold/Strata
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