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Est. payment /mo
Active
219 Vermilion AVE No City Value, BC V0X 1W0
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8073472
Year Built 1961
Annual Tax Amount $25,500
Tax Year 2024
Lot Size 0.300 Acres
Property Sub-Type Multi Family
Property Description
Opportunity to obtain an extensively renovated multi-tenanted mixed use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units have been upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 7.02% on the asking price with a solid tenant mix makes this a smart investment for the future.
Location
State BC
Area Z Other Cadreb
Zoning C2
Interior
Heating Separate Controls
Cooling Separate Controls
Exterior
Utilities Available Fully Serviced
Water Access Desc Public
Roof Type Other
Building
Story 2
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold