A free standing commercial property in Chinatown is for sale. The business is not included in the sale. The property has a stable tenant, currently paying $7,000 + GST per month in rent. The tenant is a chain store that has invested over $200,000 in renovations to the property. The seller will replace the roof, expected to be completed around April 2026. The current rent is below market value, offering potential to increase the rent in the future. Property Size: 2,242 sq.ft. main floor + 2,242 sq.ft. basementLease Term: Until December 31, 2030. (id:55577)
Property Features
- MLS® Number A2291719
- Price $1,250,000
- Square Footage: 2242 sqft
- Property Type: Retail
- Community Name: Chinatown
- Plan C
Buildings
| Constructed Date | 1973 | Cooling Type | Central Air Conditioning |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Size Exterior | 2242 Sqft |
| Size Interior | 2242 Sqft | Total Finished Area | 2242 Sqft |
| Type | Retail |
Land
| Acreage | No | Size Irregular | 281.00 |
| Size Total | 281 M2|0-4,050 Sqft | Size Total Text | 281 M2|0-4,050 Sqft |
| Zoning Description | Dc (pre 1p2007) |
Agents and Offices
- Phil Yan
- Office: Grand Realty