High traffic location! Great income investment property exposure to 96th Ave. and 117B St., have direct access to Scott Road (Main Road).
The property surround by residential neighborhood, near school, bus stop, 5 minutes drive to Skytrain station, close to upcoming business park.
The building is one level property, separated into commercial and residential side with approx. 4420 SF total area. 1,620 SF unit leased to a grocery store, lease term is 3 years with two 3 years renew option, started from March 2011. Monthly gross rent is $2,300. The 2,800 SF residential side is divided into 2 levels, on the main floor is a 4 bedroom suites and on the lower level currently has an enclosed double garage plus potentially a 1 bedroom suite. Total projected monthly gross rent is $4250. 5 parking place available plus open parking space.
C4 Zoning is intended to accommodate and regulate the development of local small scale commercial developments, suitable for retail, restaurant, personal service use serving the local area. Stable income with increased potential.
Excellent holding property for future redevelopment.
Price:
$898,000
Property Type:
Retail
Status:
Sold
Data was last updated December 7, 2023 at 07:10 PM (UTC)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
