Our Agents' Listings
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 922203
- Photos (46)
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INVEST IN YOUR SELF!! OPPORTUNITY KNOCKS ONCE! 4275 sqft FULLY LEASED commercial/retail building (almost equally split into 2 units ) @ 715 /725 Canada Ave Duncan B.C. , has been updated with attractive façade and entrances to 2 office COMPLEXES, recent roof, upgrades and leasehold improvements. 2019 sqft of this building is currently leased for 2 more years (till Jan.'25) at $12 .98 per sq.ft. + triple net costs. the remaining office space of 2250 sq ft. also leased @ 13.80/sq.ft.+ triple net is till July 31, 2024 Great opportunity OCCUPY / OPERATE YOUR BUSINESS from your own space " in time ,down the road" and have income too. Recent commercial appraisal on hand as well as full video doll house 3D interactive walk throughs , floor plans and stills are available for both units. DO NOT CONTACT OR DISTURB CURRENT TENANTS BUT DRIVE / WALK BY AND CONSULT LISTING SALESPERSON FOR ALL INFO REQUIRED
- Property Type:
- Commercial Sale
- Type:
- Office
- Commercial Type:
- Building, Land
- Lease Rate:
- 12.0
- Lease Type:
- Sale Price
- Lease Term:
- 18 Mon./2yrs
- Lease per Sq Ft:
- 12.0
- Existing Lease Expiry:
- Jul 31, 2024
- Listing General Location:
- Du West Duncan, Duncan
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 9,208.064 sq. ft.
- Taxes:
- $18,288.76 / 2022
- Building Features:
- Kitchen/Staff Room, Leasehold Improvements, Parking, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
- Construction:
- Block, Frame Wood, Stucco & Siding
- New Construction:
- No
- Foundation:
- Concrete Perimeter, Slab
- Electricity:
- Yes
- Number of Storeys:
- 1
- Ceiling Heights:
- 8'
- Floor finish:
- Mixed
- Total Building Area:
- 4,275 sq. ft.
- Leasable Area:
- 4,275 sq. ft.
- Commercial Area:
- Other
- Water supply:
- Municipal
- Sewer:
- Sewer To Lot
- Cooling:
- None
- Heating:
- Baseboard, Electric, Forced Air, Heat Pump, Natural Gas, Mixed
- Fireplace:
- No
- Real Estate
- Trade Name(s)
- Display Window, Sign: Allowed, Storefront
- City
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- with sufficient down paymnt (450K+) vendor may carry at 6% on a 3 yr. term. interest only payments
- Assessed:
- 983000.0
- Assessment year:
- 2022
- Lease Amount Additional:
- 12.0
- Gross Income:
- 85000.0
- Operational Expense Per Sq Ft:
- 12.0
- Net Operating Income:
- 42000.0
- Jurisdiction name:
- City of Duncan
- Legal Description:
- Lot A, Plan VIP5481, Section 18, Range 6, Quamichan Land District, Portion (DD ED130010)
- Zoning:
- C-1
- Legal Non-Conformance:
- No
- Units in Building:
- 2
- Units in Community:
- 2
- Occupancy:
- Tenant
- Property Condition:
- Updated/Remodeled
- Utilities:
- Cable Available, Electricity Available, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling
- Lot Site Features:
- Central Location, Easy Access, Level, Serviced, Sidewalk
- Parking Features:
- On Site
- Total Parking Spaces:
- 10
- Road Frontage Type:
- Highway, Lane, Street
- Road Surface Type:
- Paved
- Total Units:
- 2
- Date Listed:
- Jan 29, 2023
- Original Price:
- 1299888.0
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Virtual Tour
Virtual Tour 2
Data was last updated April 1, 2023 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 19
- Avg list price:
- $1,499,000
- Min list price:
- $79,000
- Max list price:
- $4,950,000
- Avg days on market:
- 75
- Min days on market:
- 2
- Max days on market:
- 334
These statistics are generated based on the current listing's property type
and located in
Du West Duncan. Average values are
derived using median calculations.
- J. Ross Bruce
- Maxxam Realty Ltd.
- 250-744-7564
- Contact by Email
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