Parksville, BC V9P 2H5,148 Morison Ave
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Parksville, BC V9P 2H5,148 Morison Ave
Parksville, BC V9P 2H5,148 Morison Ave
Parksville, BC V9P 2H5,148 Morison Ave
Parksville, BC V9P 2H5,148 Morison Ave

$560,000

Est. payment /mo

$575,000

2.6%
Est.Price: ?

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148 Morison Ave Parksville, BC V9P 2H5

2,178 Sqft Lot

SOLD DATE : 06/30/2021

Key Details

Sold Price $560,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 876217

Sold Date 06/30/21

Rental Info Unrestricted

Year Built 1971

Annual Tax Amount $5,699

Tax Year 2020

Lot Size 2,178 Sqft

Acres 0.05

Property Description

Parksville Downtown Commercial Building with 2 Units. Fully leased with 2 excellent long-term tenants. This building is in great condition and has been well maintained making it an attractive low-maintenance investment. Leases are both Triple Net and are current until 2023. This investment provides a 4.85% CAP rate at the asking price. Income to owner is $27,888/year ($17.52/sf x 1591sf) There is on-street parking out front and 4 stalls in the back. Each unit includes rear entrance, storage room, and 2 pce bath. Prime location at a reasonable price. This is a great opportunity to get into commercial real estate investment or add to your existing portfolio. Showing by appointment only, please do not disturb tenants.

Location

Province BC

County Parksville, City Of

Area Pq Parksville

Zoning C-3

Interior

Heating Electric

Flooring Mixed

Exterior

Parking On Site 1

Building

Lot Description Easy Access

Story 1

Sewer Sewer Connected

Water Municipal

Structure Type Block

Others

Tax ID 007-341-261

Ownership Freehold

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

Kirk Walper

Broker Associate | License ID: 160035

+1(250) 228-4275

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