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$ 2,896,666
Est. payment | /mo
$ 2,896,666
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8079036
Year Built 2018
Property Sub-Type Retail
Property Description
Rare opportunity to acquire a well-maintained 1,978 sqft strata retail unit featuring a fully equipped commercial kitchen. Over $800,000 has been invested in the high-quality build-out and equipment. Leased to an established restaurant tenant, providing stable and dependable income. Ideally situated near Joyce–Collingwood SkyTrain Station and surrounded by numerous high-density residential developments, the location benefits from steady foot traffic and strong local demand. The property includes two underground parking stalls and more than 20 free street parking stalls in the immediate area., a significant advantage in this transit-oriented neighborhood. This property presents an attractive investment opportunity for those seeking a passive, income-producing retail asset. NET INCOME : $130,350 /year, CAP RATE : 4.5%
Location
Province BC
Community Collingwood Ve
Area Vancouver East
Zoning CD-1(545)
Building
Sewer Public Sewer
Water Public
Others
Ownership Strata
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