$875,000
$925,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
2491 Bevan Ave #1 Sidney, BC V8L 1W2
2,178 Sqft Lot
Key Details
Sold Price $875,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 962630
Sold Date 10/02/24
HOA Fees $627/mo
Year Built 1996
Annual Tax Amount $8,824
Tax Year 2023
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Now priced at $925,000: Prime Investment Opportunity! RBC-tenanted street-level commercial strata units in thriving Sidney, BC, located at 2491 Bevan Avenue. These two lots comprise a single secure tenancy with a AAA wealth management brokerage (RBC Dominion Securities) in the heart of downtown Sidney. AND the premises have been recently outfitted (June, 2023) by the owner with TWO BRAND NEW HEAT PUMPS at a cost of $30,000.
Comprising 1,962 square feet with approx. 2 years remaining on the current lease term, with a 5 year renewal option. 4.7% cap rate on asking price; potential for increased rate on renewal. Very nicely improved professional office space with considerable street frontage befitting a national tenant of this caliber. Plus 6 onsite parking stalls. Contact agent for details. Please do not disturb tenant.
Location
State BC
County Capital Regional District
Area Si Sidney North-West
Zoning commercial
Interior
Heating Baseboard, Heat Pump
Cooling HVAC
Flooring Carpet, Laminate
Exterior
Exterior Feature Lighting
Parking On Site 1
Utilities Available Cable To Lot, Electricity To Lot, Garbage
Total Parking Spaces 6
Building
Lot Description Curb & Gutter
Story 3
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls,Stucco
Others
Ownership Freehold/Strata
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Bought with London Pacific