Mark Cumming- Status:
- Active
- Prop. Type:
- Retail
- MLS® Num:
- C8036556
- Build. Type:
- Low Rise (2-4 stories)
- Photos (5)
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Great Investment opportunity in the Highly Desirable Kerrisdale Area. This ground floor retail unit is occupied by a long term and well established restaurant. Tenant is secured until 2025, with option to renew lease. Progressively increasing rent rate over existing lease term. The average rent $54 per sqft, making Annual rental income for Landlord $96,120, which yields a 3.56% cap rate. Tenant covers operating cost and taxes. Unit includes use of 8 parking spaces, and lots of street parking along W41st avenue. Known for being a highly walkable neighbourhood, the location is close to many business, shops, cafes, restaurants, schools and parks. Don't miss out on this great investment!
- Sale Type:
- Asset
- Property Type:
- Retail
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories), Mixed Use
- Year built:
- 1996 (Age: 25)
- Total Floor Area:
- 1,812 sq. ft.
- Land Use/Zoning:
- C-2
- Taxes:
- $16,738.4 / 2020
- Env Assmt Phase:
- None
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Listed by Grand Central Realty
Data was last updated March 4, 2021 at 03:10 AM (UTC)
- Mark Cumming
- Re/Max Little Oak Realty Inc.
- 604-319-7747
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
Copyright 2021 by the Real Estate Board of Greater Vancouver,
Fraser Valley Real Estate Board, Calgary Real Estate Board Cooperative Ltd.,
REALTORS® Association of Edmonton, Chilliwack & District Real Estate Board,
BC Northern Real Estate Board and Kootenay Real Estate Board. All Rights Reserved.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.