Opportunity to obtain an extensively renovated multi-tenanted mixed-use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units were upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 7.02% on the asking price, with a solid tenant mix, makes this a smart investment for the future. (id:4069)
Address
219 Vermillion Avenue
List Price
$2,360,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
British Columbia
Sub-Area
Princeton
Floor Area
17,132 Sq. Ft.
Lot Size
0.3 Ac.
Year Built
1961
MLS® Number
10367051
Listing Brokerage
RE/MAX Bob Plowright Realty
Postal Code
V0X1W0
