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Main Photo: 715 725 Canada Ave in Duncan: Du West Duncan Office for sale : MLS®# 922203
Photo 1: 715 725 Canada Ave in Duncan: Du West Duncan Office for sale : MLS®# 922203
Photo 2: 715 725 Canada Ave in Duncan: Du West Duncan Office for sale : MLS®# 922203
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Photo 46: 715 725 Canada Ave in Duncan: Du West Duncan Office for sale : MLS®# 922203
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
922203
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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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
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.