Renovated Mixed-Use Building
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191 KENNETH STREET, DUNCAN, BC
Renovated Mixed-Use Building FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
Renovated Mixed-Use Building 191 KENNETH STREET, DUNCAN, BC
Contact Us 1st Street
BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected]
an Dunc Ingram Street
Craig Street
e Avenu
Jubilee Street
a Canad
n
t Stree
Evans Street
Ingram Street
Kenneth Street
Go v e rnm e
JASON WINTON +1 250 740 1060 Ext. 2 [email protected] BRAD ARCHIBALD +1 250 740 1060 Ext. 3 [email protected]
Coronation Avenue
Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Nanaimo).
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FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
Renovated Mixed-Use Building 191 KENNETH STREET, DUNCAN, BC
Opportunity Colliers International is pleased to present the sale offering of 191 Kenneth Street, a newly renovated mixed-use property located in the downtown core of Duncan, BC. This multi-tenanted building possesses 3 residential units, and 2 ground floor commercial units. The offering represents an excellent opportunity to acquire an income producing property and is ideal for an owner-occupier.
Location The subject property is located in the City of Duncan, the economic centre of the Cowichan Valley and one of the Mid Island’s fastest growing regions. Situated just 60 km from Victoria, and 50 km from Nanaimo, Duncan serves as the commercial hub of the Cowichan Valley, a region which encompasses a population of approximately 77,000. The property is located near the busy intersection of Jubilee Street and Kenneth Street in downtown Duncan’s commercial core. The area is highly developed with retail and office services, many of which are housed in the numerous heritage buildings of downtown Duncan. The property is also in close proximity to Duncan City Hall and the new City Square which hosts annual events and frequent market days.
Legal Description Amended Lot 8 (DD 229819-I) Block 11, Section 17, Range 6, Quamichan District, Plan 2070 except that part in Plan 12364. PID: 006-691-552
Site Information Total land area encompasses some ±6,000 square feet or 0.11 acres. The building has full range of municipal services.
Site Improvements
Residential Suite Income
The property is comprised of a two storey multi-tenant commercial/residential complex. Recently completely renovated to a superior level, 191 Kenneth Street is comprised of approximately 7,954 square feet of leasable space over two floors. The first floor features two streetfront commercial units. The second floor features three residential rental units - one bedroom, two bedroom, and three bedroom - all of which are currently rented. The second floor is accessed via stairwell from Kenneth Street and Jubilee Street. Three parking stalls are provided with the commercial unit facing Jubilee Street. Unit
Tenant/Description
Unit Size
191
Vacant
2,202 SF
250A
3-Bedroom Residential Suite
1,380 SF
191B
2-Bedroom Residential Suite
1,062 SF
191A
1-Bedroom Residential Suite
849 SF
250
The Resthouse
1,915 SF ground floor 546 SF attic storage
*A complete renovation of the building was completed in September 2010, including the electrical, plumbing, heating, exteriors and interiors.
Gross Revenue Rental Income (monthly) Unit 250 Unit 250A Unit 191B Unit 191A Total Annual Revenue* Expenses Property Tax Insurance Water Garbage Total Annual Expenses
$1,469.39 $1,200.00 $900.00 $790.00 $52,312.68 $17,309.00 $5,993.00 $742.08 $1,548.00 $25,592.08
*Revenue may be increased by leasing or occupying vacant unit.
Zoning C1 - General Commercial Permitted uses include but are not limited to: bakery, bank, financial institution, barbershop, churches, fitness studio, funeral parlour, independent school, live/ work studio above commercial use, medical laboratory, office use, premise licensed for the sale of alcoholic beverages, printing and publishing, residential use above commercial use, restaurant, catering, retail store, shoe repair, personal service use, theatre, art gallery, museum, tourist accommodation vehicle parking and storage use, and veterinary clinic.
Property Taxes (2016) $17,309.00
Assessed Value (2016) Land
$232,300
Building
$507,000
Total:
$739,300
Purchase Price Eight Hundred and Ninety-Nine Thousand Dollars ($899,000.00) Seven Hundred and Seventy-Nine Thousand Dollars ($779,000.00)
FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
Renovated Mixed-Use Building 191 KENNETH STREET, DUNCAN, BC
Opportunity Colliers International is pleased to present the sale offering of 191 Kenneth Street, a newly renovated mixed-use property located in the downtown core of Duncan, BC. This multi-tenanted building possesses 3 residential units, and 2 ground floor commercial units. The offering represents an excellent opportunity to acquire an income producing property and is ideal for an owner-occupier.
Location The subject property is located in the City of Duncan, the economic centre of the Cowichan Valley and one of the Mid Island’s fastest growing regions. Situated just 60 km from Victoria, and 50 km from Nanaimo, Duncan serves as the commercial hub of the Cowichan Valley, a region which encompasses a population of approximately 77,000. The property is located near the busy intersection of Jubilee Street and Kenneth Street in downtown Duncan’s commercial core. The area is highly developed with retail and office services, many of which are housed in the numerous heritage buildings of downtown Duncan. The property is also in close proximity to Duncan City Hall and the new City Square which hosts annual events and frequent market days.
Legal Description Amended Lot 8 (DD 229819-I) Block 11, Section 17, Range 6, Quamichan District, Plan 2070 except that part in Plan 12364. PID: 006-691-552
Site Information Total land area encompasses some ±6,000 square feet or 0.11 acres. The building has full range of municipal services.
Site Improvements
Residential Suite Income
The property is comprised of a two storey multi-tenant commercial/residential complex. Recently completely renovated to a superior level, 191 Kenneth Street is comprised of approximately 7,954 square feet of leasable space over two floors. The first floor features two streetfront commercial units. The second floor features three residential rental units - one bedroom, two bedroom, and three bedroom - all of which are currently rented. The second floor is accessed via stairwell from Kenneth Street and Jubilee Street. Three parking stalls are provided with the commercial unit facing Jubilee Street. Unit
Tenant/Description
Unit Size
191
Vacant
2,202 SF
250A
3-Bedroom Residential Suite
1,380 SF
191B
2-Bedroom Residential Suite
1,062 SF
191A
1-Bedroom Residential Suite
849 SF
250
The Resthouse
1,915 SF ground floor 546 SF attic storage
*A complete renovation of the building was completed in September 2010, including the electrical, plumbing, heating, exteriors and interiors.
Gross Revenue Rental Income (monthly) Unit 250 Unit 250A Unit 191B Unit 191A Total Annual Revenue* Expenses Property Tax Insurance Water Garbage Total Annual Expenses
$1,469.39 $1,200.00 $900.00 $790.00 $52,312.68 $17,309.00 $5,993.00 $742.08 $1,548.00 $25,592.08
*Revenue may be increased by leasing or occupying vacant unit.
Zoning C1 - General Commercial Permitted uses include but are not limited to: bakery, bank, financial institution, barbershop, churches, fitness studio, funeral parlour, independent school, live/ work studio above commercial use, medical laboratory, office use, premise licensed for the sale of alcoholic beverages, printing and publishing, residential use above commercial use, restaurant, catering, retail store, shoe repair, personal service use, theatre, art gallery, museum, tourist accommodation vehicle parking and storage use, and veterinary clinic.
Property Taxes (2016) $17,309.00
Assessed Value (2016) Land
$232,300
Building
$507,000
Total:
$739,300
Purchase Price Eight Hundred and Ninety-Nine Thousand Dollars ($899,000.00) Seven Hundred and Seventy-Nine Thousand Dollars ($779,000.00)
Pr
ice
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191 KENNETH STREET, DUNCAN, BC
Renovated Mixed-Use Building FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
Renovated Mixed-Use Building 191 KENNETH STREET, DUNCAN, BC
Contact Us 1st Street
BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected]
Dunc an St a Ave
nt
Str eet
Ingram Street
nue
Go ver nm e
Craig Street
Kenneth Street
reet
Canad
Ingram Street
Jubilee Street
Evans Street
JASON WINTON +1 250 740 1060 Ext. 2 [email protected]
Coronation Avenue
BRAD ARCHIBALD +1 250 740 1060 Ext. 3 [email protected] Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Nanaimo).
d e eR
e uc
d
191 KENNETH STREET, DUNCAN, BC
Renovated Mixed-Use Building FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
Renovated Mixed-Use Building 191 KENNETH STREET, DUNCAN, BC
Contact Us 1st Street
BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected]
an Dunc Ingram Street
Craig Street
e Avenu
Jubilee Street
a Canad
n
t Stree
Evans Street
Ingram Street
Kenneth Street
Go v e rnm e
JASON WINTON +1 250 740 1060 Ext. 2 [email protected] BRAD ARCHIBALD +1 250 740 1060 Ext. 3 [email protected]
Coronation Avenue
Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Nanaimo).
t S tre et
FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
Renovated Mixed-Use Building 191 KENNETH STREET, DUNCAN, BC
Opportunity Colliers International is pleased to present the sale offering of 191 Kenneth Street, a newly renovated mixed-use property located in the downtown core of Duncan, BC. This multi-tenanted building possesses 3 residential units, and 2 ground floor commercial units. The offering represents an excellent opportunity to acquire an income producing property and is ideal for an owner-occupier.
Location The subject property is located in the City of Duncan, the economic centre of the Cowichan Valley and one of the Mid Island’s fastest growing regions. Situated just 60 km from Victoria, and 50 km from Nanaimo, Duncan serves as the commercial hub of the Cowichan Valley, a region which encompasses a population of approximately 77,000. The property is located near the busy intersection of Jubilee Street and Kenneth Street in downtown Duncan’s commercial core. The area is highly developed with retail and office services, many of which are housed in the numerous heritage buildings of downtown Duncan. The property is also in close proximity to Duncan City Hall and the new City Square which hosts annual events and frequent market days.
Legal Description Amended Lot 8 (DD 229819-I) Block 11, Section 17, Range 6, Quamichan District, Plan 2070 except that part in Plan 12364. PID: 006-691-552
Site Information Total land area encompasses some ±6,000 square feet or 0.11 acres. The building has full range of municipal services.
Site Improvements
Residential Suite Income
The property is comprised of a two storey multi-tenant commercial/residential complex. Recently completely renovated to a superior level, 191 Kenneth Street is comprised of approximately 7,954 square feet of leasable space over two floors. The first floor features two streetfront commercial units. The second floor features three residential rental units - one bedroom, two bedroom, and three bedroom - all of which are currently rented. The second floor is accessed via stairwell from Kenneth Street and Jubilee Street. Three parking stalls are provided with the commercial unit facing Jubilee Street. Unit
Tenant/Description
Unit Size
191
Vacant
2,202 SF
250A
3-Bedroom Residential Suite
1,380 SF
191B
2-Bedroom Residential Suite
1,062 SF
191A
1-Bedroom Residential Suite
849 SF
250
The Resthouse
1,915 SF ground floor 546 SF attic storage
*A complete renovation of the building was completed in September 2010, including the electrical, plumbing, heating, exteriors and interiors.
Gross Revenue Rental Income (monthly) Unit 250 Unit 250A Unit 191B Unit 191A Total Annual Revenue* Expenses Property Tax Insurance Water Garbage Total Annual Expenses
$1,469.39 $1,200.00 $900.00 $790.00 $52,312.68 $17,309.00 $5,993.00 $742.08 $1,548.00 $25,592.08
*Revenue may be increased by leasing or occupying vacant unit.
Zoning C1 - General Commercial Permitted uses include but are not limited to: bakery, bank, financial institution, barbershop, churches, fitness studio, funeral parlour, independent school, live/ work studio above commercial use, medical laboratory, office use, premise licensed for the sale of alcoholic beverages, printing and publishing, residential use above commercial use, restaurant, catering, retail store, shoe repair, personal service use, theatre, art gallery, museum, tourist accommodation vehicle parking and storage use, and veterinary clinic.
Property Taxes (2016) $17,309.00
Assessed Value (2016) Land
$232,300
Building
$507,000
Total:
$739,300
Purchase Price Eight Hundred and Ninety-Nine Thousand Dollars ($899,000.00) Seven Hundred and Seventy-Nine Thousand Dollars ($779,000.00)
FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
Renovated Mixed-Use Building 191 KENNETH STREET, DUNCAN, BC
Opportunity Colliers International is pleased to present the sale offering of 191 Kenneth Street, a newly renovated mixed-use property located in the downtown core of Duncan, BC. This multi-tenanted building possesses 3 residential units, and 2 ground floor commercial units. The offering represents an excellent opportunity to acquire an income producing property and is ideal for an owner-occupier.
Location The subject property is located in the City of Duncan, the economic centre of the Cowichan Valley and one of the Mid Island’s fastest growing regions. Situated just 60 km from Victoria, and 50 km from Nanaimo, Duncan serves as the commercial hub of the Cowichan Valley, a region which encompasses a population of approximately 77,000. The property is located near the busy intersection of Jubilee Street and Kenneth Street in downtown Duncan’s commercial core. The area is highly developed with retail and office services, many of which are housed in the numerous heritage buildings of downtown Duncan. The property is also in close proximity to Duncan City Hall and the new City Square which hosts annual events and frequent market days.
Legal Description Amended Lot 8 (DD 229819-I) Block 11, Section 17, Range 6, Quamichan District, Plan 2070 except that part in Plan 12364. PID: 006-691-552
Site Information Total land area encompasses some ±6,000 square feet or 0.11 acres. The building has full range of municipal services.
Site Improvements
Residential Suite Income
The property is comprised of a two storey multi-tenant commercial/residential complex. Recently completely renovated to a superior level, 191 Kenneth Street is comprised of approximately 7,954 square feet of leasable space over two floors. The first floor features two streetfront commercial units. The second floor features three residential rental units - one bedroom, two bedroom, and three bedroom - all of which are currently rented. The second floor is accessed via stairwell from Kenneth Street and Jubilee Street. Three parking stalls are provided with the commercial unit facing Jubilee Street. Unit
Tenant/Description
Unit Size
191
Vacant
2,202 SF
250A
3-Bedroom Residential Suite
1,380 SF
191B
2-Bedroom Residential Suite
1,062 SF
191A
1-Bedroom Residential Suite
849 SF
250
The Resthouse
1,915 SF ground floor 546 SF attic storage
*A complete renovation of the building was completed in September 2010, including the electrical, plumbing, heating, exteriors and interiors.
Gross Revenue Rental Income (monthly) Unit 250 Unit 250A Unit 191B Unit 191A Total Annual Revenue* Expenses Property Tax Insurance Water Garbage Total Annual Expenses
$1,469.39 $1,200.00 $900.00 $790.00 $52,312.68 $17,309.00 $5,993.00 $742.08 $1,548.00 $25,592.08
*Revenue may be increased by leasing or occupying vacant unit.
Zoning C1 - General Commercial Permitted uses include but are not limited to: bakery, bank, financial institution, barbershop, churches, fitness studio, funeral parlour, independent school, live/ work studio above commercial use, medical laboratory, office use, premise licensed for the sale of alcoholic beverages, printing and publishing, residential use above commercial use, restaurant, catering, retail store, shoe repair, personal service use, theatre, art gallery, museum, tourist accommodation vehicle parking and storage use, and veterinary clinic.
Property Taxes (2016) $17,309.00
Assessed Value (2016) Land
$232,300
Building
$507,000
Total:
$739,300
Purchase Price Eight Hundred and Ninety-Nine Thousand Dollars ($899,000.00) Seven Hundred and Seventy-Nine Thousand Dollars ($779,000.00)
Pr
ice
d Re
uc
ed
191 KENNETH STREET, DUNCAN, BC
Renovated Mixed-Use Building FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
FOR SALE > DOWNTOWN DUNCAN COMMERCIAL/RESIDENTIAL
Renovated Mixed-Use Building 191 KENNETH STREET, DUNCAN, BC
Contact Us 1st Street
BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected]
Dunc an St a Ave
nt
Str eet
Ingram Street
nue
Go ver nm e
Craig Street
Kenneth Street
reet
Canad
Ingram Street
Jubilee Street
Evans Street
JASON WINTON +1 250 740 1060 Ext. 2 [email protected]
Coronation Avenue
BRAD ARCHIBALD +1 250 740 1060 Ext. 3 [email protected] Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Nanaimo).
