22
$2,400,000 Sale
Listed 23 hours ago
1,2,5 2061 Malaview Ave
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· 0.0
· 30
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Key Facts
Key facts for 1,2,5 2061 Malaview Ave
Property Type
Commercial
Parking
Garage: No, 30 parking
MLS #
1053442
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1988
Maintenance Fee
-
Description
An excellent opportunity to acquire three fully leased industrial strata units at 2061 Malaview Avenue W., offering a 5.7% cap rate and significant rental upside. The offering also includes a two-bedroom residential unit. Representing half of the six-unit complex and a 66% interest in the overall st...rata property, these well-maintained units comprise approximately 10,685 sq. ft. of combined interior space and 30 designated parking stalls. All three strata units are occupied by long-term tenants at below-market rental rates, providing an opportunity for income growth upon renewal. The complex sits on nearly 30,000 sq. ft. of land in the West Side Industrial Area, with convenient access to BC Ferries, Victoria International Airport, Sidney and Victoria. Access from both Malaview Avenue W. and a rear laneway supports efficient circulation and loading. Each industrial unit features grade-level bay doors measuring 12 or 14 feet and full-height mezzanines, accommodating a wide range of businesses under the M1 zoning. An attractive investment combining established tenancy, a residential component and future income potential. Viewings are easily arranged. (id:10452)
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Listing courtesy of: Pemberton Holmes Ltd.
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