581 Niagara St

Victoria, BC, V8V 1H8
MLS® #: 417672
Kane Ryan, Pemberton Holmes - Cloverdale

$1,349,000

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Business Type: Retail

Date Listed: Fri, Nov 08, 2019

Property Tax: $11,292 (2019)

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581 Niagara St

Victoria, BC, V8V 1H8

$1,349,000

print
N/A sqft|Retail
MLS® #: 417672
Kane Ryan, Pemberton Holmes - Cloverdale

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Property Description

A great opportunity to purchase a mixed use building in beautiful James Bay.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 sq ft & occupied by the Niagara Market. The two newly renovated upper suites have separate private entrances and consist of a 2 bed suite and a large 1 bed suite.The suites have restored hardwood flooring and modern kitchens with over height ceilings and ensuite laundry.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. Building generates over $80,000 in revenue and has room for increased lease rates. 4.4% Cap rate *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: Wed, November 13, 2019
Location: Sidewalk, High Traffic Area
Management: Self Managed
Possession: Upon Completion
SaleOrRent: Sale Price
Title: Freehold

Key Facts

MLS® #: 417672
Ownership-Type: N/A
Year Built: N/A
sqft: N/A
Date Listed: Nov 08, 2019
Lot Size: 3612
Occupancy: N/A
Zoning Jurisdiction: City of Victoria
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Suggested Listings (9)

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Darrell W. Stubbs, Pemberton Holmes - Cloverdale
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MLS® #: 416261

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275 ISLAND HWY, Victoria, BC, V9B 1G4

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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: Wednesday, November 13, 2019, 6:14:25 PM
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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 Wednesday, November 13, 2019 at 6:14:25 PM