$3,258,750
About this Retail
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. Currently generating approximately a 4% cap rate, this property presents an attractive investment opportunity for those seeking a passive, income-producing retail asset. NET INCOME : $130,350 /year
Listed by Sutton Group-West Coast Realty.
Browse PhotosFeatures
- Type: Retail
- Sub Type: Retail
- Year Built: 2018
- Taxes: $18917.1
- Maintenance: $1,091.77
- Zoning: CD-1(545)
Contact Brian to inquire about this Retail!
778.829.1105
Photos
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representation is based in whole or in part on data generated by the Chilliwack
& District Real Estate Board, Fraser Valley Real Estate Board or Real Estate
Board of Greater Vancouver which assumes no responsibility for its accuracy.