Chemainus, BC V0R 3C0,8432 Trans Canada Hwy

$1,890,000

Est. payment /mo

$2,145,000

11.9%
Est.Price: ?

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8432 Trans Canada Hwy Chemainus, BC V0R 3C0

SOLD DATE : 03/10/2020

Key Details

Sold Price $1,890,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 828803

Sold Date 03/10/20

Property Description

INVESTORS ALERT: This commercial revenue property is located at an intersection on a busy section of the Island Hwy connecting Victoria and Nanaimo. It has 4 individually metered rental units: A gas bar and convenience store, small office/retail lease space, busy restaurant, and 2000 sqft residential unit above with 3 bedrooms and a den. The Chevron Service Station is leased until July 2024, the restaurant (The Red Rooster Diner) and suite are leased to the current owner of the property, and the retail space has obtained site specific zoning for dispensary. The commercial leases are all carefree triple net so the expenses to the landlord are minimal. This well constructed building was finished in 2010 and makes a dramatic statement from the road. It will offer the new owner low maintenance operation and a carefree source of income for many years. Further details available.

Location

Province BC

Area Du Chemainus

Zoning C3

Interior

Cooling Air Conditioning

Building

Lot Description Cleared, Level

Sewer None

Additional Building Exists

Others

Restrictions ALR: Yes

Tax ID 001-305-310

Ownership Freehold

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Listed by SUTTON GROUP - VANCOUVER
Bought with Royal LePage Parksville-Qualicum Beach Realty (PK)

Randall Mang

+1(604) 817-6204

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