FOR SALE - NAI Commercial Central Vancouver Island
FOR SALE 575 Coronation Avenue Duncan, BC
Passive Investment or Future Owner Occupation The Opportunity Extremely well-maintained building close to the Trans-Canada Highway on a corner location with high exposure. This building is fully leased with good future upside potential for rental income. Current rents are quite conservative by today’s market comparables. The present owner has spent over $55,000 to upgrade the parking and has recently replaced one of the heat pumps. The property consists of approximately 3,400 sq. ft. of rentable building area on a 5,864 sq. ft. corner lot with 8 parking stalls in front and accesses on Coronation and Whistler. Building supports 2 office Tenants and 1 residential Tenant.
For More Information:
Ed Williams Associate Broker | Cowichan Valley 250.589.0969 [email protected]
Situated on the east side of the Trans Canada Highway at the corner of Coronation Ave. and Whistler St.
201 ‐ 155 Skinner St, Nanaimo, BC, V9R 5E8 Tel +1 250 753 5757 naivanisle.ca
FOR SALE 575 Coronation Avenue Duncan, BC Property Highlights Legal Description: Lot 8, Land District 45, Section 7, Range 7, Plan VIP1290 Assessed Value:
$376,500.00 (2016)
Taxes:
$6,808.79 (2016)
PID:
007-628-111
Rentable Areas Lower Office
660 sq. ft.
Main Level Office
996 sq. ft.
Residential Unit
1,400 sq. ft.
Basement Storage
400 sq. ft. (Vacant)
Location Duncan (pop. 4,932) is a city on southern Vancouver Island in British Columbia, Canada. The city is about 50 kilometers from both Victoria to the south and Nanaimo to the north. Duncan serves as an economic hub for the Cowichan Region. They provide healthcare, retail, professional services and cultural tourism. Downtown has a rich heritage including 100 year old City Hall and clock tower, train station and the Cowichan Valley Museum. Duncan's goal is to be a carbon neutral, healthy and affordable community with a strong economy. The city is known for great shopping and dining and as a major employment hub for the region. The area is home to Vancouver Island University, public schools and private schools. Although the City of Duncan has a population of just under 5000, it serves the Cowichan Valley which has a population of approximately 80,000.
Offered for Sale $469,000.00 (Four Hundred and Sixty-Nine Thousand Dollars)
201 ‐ 155 Skinner St, Nanaimo, BC, V9R 5E8 Tel +1 250 753 5757 naivanisle.ca NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO
THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
Passive Investment or Future Owner Occupation The Opportunity Extremely well-maintained building close to the Trans-Canada Highway on a corner location with high exposure. This building is fully leased with good future upside potential for rental income. Current rents are quite conservative by today’s market comparables. The present owner has spent over $55,000 to upgrade the parking and has recently replaced one of the heat pumps. The property consists of approximately 3,400 sq. ft. of rentable building area on a 5,864 sq. ft. corner lot with 8 parking stalls in front and accesses on Coronation and Whistler. Building supports 2 office Tenants and 1 residential Tenant.
For More Information:
Ed Williams Associate Broker | Cowichan Valley 250.589.0969 [email protected]
Situated on the east side of the Trans Canada Highway at the corner of Coronation Ave. and Whistler St.
201 ‐ 155 Skinner St, Nanaimo, BC, V9R 5E8 Tel +1 250 753 5757 naivanisle.ca
FOR SALE 575 Coronation Avenue Duncan, BC Property Highlights Legal Description: Lot 8, Land District 45, Section 7, Range 7, Plan VIP1290 Assessed Value:
$376,500.00 (2016)
Taxes:
$6,808.79 (2016)
PID:
007-628-111
Rentable Areas Lower Office
660 sq. ft.
Main Level Office
996 sq. ft.
Residential Unit
1,400 sq. ft.
Basement Storage
400 sq. ft. (Vacant)
Location Duncan (pop. 4,932) is a city on southern Vancouver Island in British Columbia, Canada. The city is about 50 kilometers from both Victoria to the south and Nanaimo to the north. Duncan serves as an economic hub for the Cowichan Region. They provide healthcare, retail, professional services and cultural tourism. Downtown has a rich heritage including 100 year old City Hall and clock tower, train station and the Cowichan Valley Museum. Duncan's goal is to be a carbon neutral, healthy and affordable community with a strong economy. The city is known for great shopping and dining and as a major employment hub for the region. The area is home to Vancouver Island University, public schools and private schools. Although the City of Duncan has a population of just under 5000, it serves the Cowichan Valley which has a population of approximately 80,000.
Offered for Sale $469,000.00 (Four Hundred and Sixty-Nine Thousand Dollars)
201 ‐ 155 Skinner St, Nanaimo, BC, V9R 5E8 Tel +1 250 753 5757 naivanisle.ca NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO
THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
