Address
674 Memorial Ave, Qualicum Beach, BC
Price
$ 2,700,000
Property Attributes
  • MLS#1029859
  • TypeCommercial
  • Listing Status Active
  • CityQualicum Beach
  • AreaParksville-Qualicum
  • NeighbourhoodPQ Qualicum Beach
  • Postal CodeV9K 1S8
  • StyleMixed Use
  • Year Built2006
  • Taxes$ 8623
  • Price$ 2,700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9574
  • Lot Size0.23 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

Investors Alert! 2 buildings in the heart of downtown Qualicum Beach offering an attractive cap rate. This rare opportunity offers up stable income from established businesses in one of Vancouver Island’s most desirable destination markets. The main building new in 2006 and features four separately hydro-metered commercial strata units with a rear loading dock, providing diversified income and reduced landlord costs. The second building is 1957 & is a single-tenant bookstore adding further stability. Zoned commercial and fully conforming, the property is anchored by strong tenants including a gift boutique, pet supply retailer, beauty salon, and electronics store. Dual access from Memorial Avenue and Fir Street provides excellent visibility and sales convenience. Located in a high-traffic tourist corridor with strong walk-by exposure, this is a turnkey investment with proven performance and long-term upside. All data and measurements are approximate and should be verified if important.

General Features

Zoning COMM
Property Subtype Mixed Use
Property Type Commercial Sale
Commercial Area Downtown
Commercial Listing Type Building

Interior Features

Total Units 5
Number Of Units In Community 5
Number Of Units In Building 5

Exterior Features

Building Area Total 9574.00
Lot Size Square Feet 10000.00
Lot Size Acres 0.23
Parking Onsite YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9K 1S8

Price
AVG $2.7M
$2.7M
Taxes
AVG $8,623
$8,623
Year Built
AVG 2006
2006
Visits
AVG 116
116
Data Provided by Inside Real Estate®

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