9839 FIFTH STREET, No City Value, British Columbia V8L2X4 Canada

  • PRICE$2,650,000

This attractive mixed use property sits on a high profile corner in the midst of the commercial core of Sidney, BC. A strong retail tenant (Monk Office) on the ground floor has occupied the space for 12 years and recently signed a new 7-year lease with rent escalations (also includes a demo clause for developers). Three stable long term tenants occupy two spacious and well appointed 2- bedroom suites and one 1-bedroom suite on the second floor with balconies and on-site laundry. Residential suites are separately metered and rented below market. Generous on-site parking. This property offers a low maintenance investment with reliable high yield cash flow and upside revenue growth. Existing zoning and OCP support redevelopment to a 4-storey condo or apartment project. (id:9345)...
Tranaction Type: For sale
Features: Handicap access
Lease Per Unit: square feet
Zoning Description: C
Amenities: Balconies
Constructed Date: 1993
Fire Protection: Alarm system
Size Total: 12485 sqft

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