Business Type: N/A
Date Listed: Tue, May 12, 2020
Property Tax: $19,327 (2020)
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Property Description for 9839 5 ST
Attractive mixed use property on high profile corner in midst of commercial core of Sidney. Strong retail tenant (Monk Office) on main floor has occupied the space for 12 years and there is a new 7-year lease in place (with demo clause). Three stable long term residential tenants occupy the two spacious and well appointed 2-bedroom suites and 1-bedroom suite on the second floor. Residential suites are separately metered and rented below market. Generous on-site parking. This property offers a low maintenance investment with reliable cash flow and upside revenue growth. Existing zoning and OCP support re-development to 4-storey condo or apartment project.