581 Niagara St

Retail For Sale in Victoria, British Columbia

$1,349,000

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. (id:4069)

Address 581 Niagara St
List Price 1,349,000
Property Type Retail
Type of Dwelling Retail
Area British Columbia
Sub-Area Victoria
Floor Area 3,200 Sq. Ft.
Lot Size 3612 Sq. Ft.
MLS® Number 417672
Listing Brokerage Pemberton Holmes - Cloverdale
Postal Code V8V1H8

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Kane Ryan

Pemberton Holmes

1007 Johnson St Victoria BC V8V 3N8

Office: 1-778-223-5961

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