581 Niagara St

Victoria, BC, V8V 1H8
MLS® #: 415277
Kane Ryan, Pemberton Holmes - Cloverdale

$1,495,000

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Business Type: Retail

Date Listed: Tue, Sep 03, 2019

Property Tax: $11,292 (2019)

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581 Niagara St

Victoria, BC, V8V 1H8

$1,495,000

print
N/A sqft|Retail
MLS® #: 415277
Kane Ryan, Pemberton Holmes - Cloverdale

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Property Description

Pleased to present the opportunity to purchase a free standing mixed use building in beautiful James Bay located at 581 Niagara St. This building has recently undergone a complete renovation, with new plumbing, electrical, insulation and a new roof in March 2019.The Ground floor space has housed a community grocery store since it was originally built in 1908, making it the oldest grocery store in Victoria. The ground floor commercial space is approximately 1600 sqft and is health board approved for food service as well. The newly renovated upper suites have private entrance and consist of a 2 bedroom suite and a large 1 bedroom suite. With the building built directly on 3 lot lines, a large outdoor space has been created which can be used for parking or as an outdoor patio for the commercial tenant. Great opportunity for an opener operator or an investor. 4 % CAP rate and room for increased lease rates. *Please do not approach staff. Call to set up viewings.

Details

Property Type: Business Opportunity
Property Tax: $11,292 (2019)
Fees: N/A
Last Updated: Sun, October 13, 2019
Business Type: Restaurant/Bar, Retail, Food Store
Location: Sidewalk
Possession: Immediate
SaleOrRent: Sale Price
Title: Freehold

Key Facts

MLS® #: 415277
Ownership-Type: N/A
Year Built: N/A
sqft: N/A
Date Listed: Sep 03, 2019
Lot Size: 3612
Occupancy: N/A
Zoning Jurisdiction: City of Victoria
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Suggested Listings (9)

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Copyright© 2019 Victoria Real Estate Board. All Rights Reserved.

Data was last updated: Sunday, October 13, 2019, 4:17:29 PM
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Introduction to Investing in Commercial Real Estate

[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2018 Commercial Investor Report (Western Canada Edition), highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing…

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Copyright© 2019 Victoria Real Estate Board. All Rights Reserved.

Data was last updated Sunday, October 13, 2019 at 4:17:29 PM