P. (250) 384-8124
150 - 805 Cloverdale Ave
Canada V8X 2S9
|Address||581 Niagara St|
|Sub Area||James Bay|
|Property Type||Business and Leasehold|
|Lot Size||3612.00 Square Feet|
A great opportunity to purchase a mixed use building in beautiful James Bay. This building has recently undergone a complete renovation, with new plumbing, electrical, insulation and a new roof in March 2019.The Ground floor space has housed a community grocery store since it was originally built in 1908, making it the oldest grocery store in Victoria. The ground floor commercial space is approximately and occupied by the Niagara Market. The two newly renovated upper suites have separate private entrances and consist of a 2 bed suite and a large 1 bed suite. The suites have restored hardwood flooring and modern kitchens with over height ceilings and ensuite laundry.With the building built directly on 3 lot lines, a large outdoor space has been created which can be used for parking or as an outdoor patio for the commercial tenant. Building generates over $80,000 in revenue and has room for increased lease rates. 4.4% Cap rate *Please do not approach staff. Call to set up viewings.
Pemberton Holmes Ltd. has been in business serving the Vancouver Island area since 1887 helping people with their Real Estate needs. Much of Vancouver Island is now serviced with Homes For Sale in areas such as Victoria, Sidney, Saanich, Esquimalt, Colwood, View Royal, Oak Bay, Cordova Bay, Brentwood Bay, Saanichton, Langford, Metchosin, West Shore, Sooke, Mill Bay, Cobble Hill, Cowichan Bay, Shawnigan Lake, Duncan, Cowichan Valley, Chemainus, Crofton, Ladysmith, Lake Cowichan, Salt Spring Island, Nanaimo, Parksville, Courtenay, Comox, Bowser as well as Hornby Island.
I grew up in Victoria and then spent a decade travelling the world and viable businesses and a non-profit charity in India. I have now happily moved back home to this vibrant and growing city with my wife and beautiful baby girl.
My real estate career began in Vancouver working with residential condo developments and then specializing in commercial sales and leasing. Always operating with transparency and honesty, I've worked with landlords, building owners and tenants to negotiate long-lasting partnerships.
I have a passion for business and a love for real estate; This combination allows me to evaluate real estate from multiple view points with confidence, helping my clients to find their perfect home or next business venture.
I look forward to working with you.