Listing Details
- $4,400,000
- MLS# 1026444
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Pemberton Holmes Ltd.
Agency Phone: 250-384-8124
Shown By
Agency Title: DFH Real Estate LTD
Agency Phone: 250-477-7291
Home Value Estimate
Description
Redevelopment Opportunity with Holding Income. Positioned in the heart of a growth corridor, this 17,425 sqft. property represents an opportunity to secure a strategic site with stable income. The lot offers dual road access, with over 100 ft of frontage along W. Saanich Rd and approx 60 ft on Viewmont, immediately adjacent to Royal Oak Centre. The 7-unit commercial building is fully leased and has a long history of stable tenancy, providing dependable cash flow while future plans are contemplated.Zoned C-3 with preliminary discussions with the municipality indicate FSR's of 3.5 +.This node is undergoing transformation, with nearby city-owned...read more
Features
- Property Type: Commercial - Business
- Building Features: Parking
- Days on Site: 53
- Parcel#: 000070319
- Parking: On Site
- Parking Notes: On Site
- Taxes: $49,038
- Units: 7
- Units in Community: 7
Gallery
Listed By
Agency Name: Pemberton Holmes Ltd.
Agency Phone: 250-384-8124
Shown By
Agency Title: DFH Real Estate LTD
Agency Phone: 250-477-7291
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