.png)
- Status:
- Sold
- Sold Date:
- Jun 30, 2025
- Sold Price:
- $1,100,000
- Sold in:
- 61 days
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 997340
- Year Built:
- 1990
Investor opportunity!! 5% cap rate from 2 tenants: Rogers Communications has a small fenced in compound with a cell tower in the back right corner; Wayward Distillery occupies 95% of the property & 100% of the building. Lease for Wayward expires June 30, 2029, with one 5 year option to renew. Wayward has a retail store component right at the entry, which serves as both a tasting room & storefront. There's a 2 piece bathroom at the back of this space. They've added some nice touches such as a timber frame covered entry to the building, & 2 electric vehicle plug-ins by the front entry. Rogers is basically a permanent tenant by virtue of a Right of Way registered against the title which governs their access, right to use, & defines the rent structure being tied to CPI. The upstairs mezzanine has 2 offices & a staff lunchroom with a 2 piece bathroom. Located just off the 29th St. (South) connector, this area is mostly Light Industrial (I-2) zoned. At least 7 off-street parking spots.
- Property Type:
- Commercial Sale
- Type:
- Industrial
- Commercial Type:
- Building, Land
- Year built:
- 1990 (Age: 35)
- Lease Rate:
- 13.07
- Lease Type:
- Sale of Assets
- Additional Rent Per SqFt:
- 7.99
- Existing Lease Expiry:
- Jun 30, 2029
- Listing General Location:
- CV Courtenay City, Comox Valley
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 19,374 sq. ft.
- Lot Details:
- 98.4'x196.8'
- Taxes:
- $21,850 / 2024
- Building Features:
- Kitchen/Staff Room, Shopping Nearby, Transit Nearby
- Construction:
- Aluminum Siding
- Electricity:
- Yes
- Number of Storeys:
- 1
- Ceiling Heights:
- 18'
- Door Features:
- Warehouse Doors: 5
- Floor finish:
- Mixed
- Total Building Area:
- 3,000 sq. ft.
- Leasable Area:
- 3,000 sq. ft.
- Commercial Area:
- Downtown
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Natural Gas, Other
- Fireplace:
- No
- Pending Date:
- Jun 20, 2025
- Date Sold:
- Jun 30, 2025
- Fixtures
- Equip/Machinery
- Fencing: Full, Lighting, Low Maintenance Yard, Sign: Allowed, Storefront
- Main Level
- 0
- Yes
- No
- Unrestricted
- Assessed:
- 828600.0
- Assessment year:
- 2025
- Lease Amount Additional:
- 7.99
- Jurisdiction name:
- City of Courtenay
- Legal Description:
- VIP35438 LT15 SEC67 Comox District
- Zoning:
- Light Industrial I-2
- Legal Non-Conformance:
- No
- Units in Building:
- 1
- Units in Community:
- 2
- Occupancy:
- Tenant
- Utilities:
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
- Lot Site Features:
- Central Location, Rectangular Lot, Shopping Nearby
- Parking Features:
- On Site
- Total Parking Spaces:
- 7
- Road Surface Type:
- Paved
- Total Units:
- 0
- Date Listed:
- Apr 30, 2025
-
Street view, lots of parking -
Front view...two new insulated garage doors, one with windows
-
Retail store/public tasting area
-
Another view of the retail area
-
Reception/till
-
Public tasting area
-
Behind the reception counter
-
2 piece bath off reception
-
Front portion of distillery
-
...another view
-
Looking towards the back
-
Another tasting area for larger groups
-
New windowed/insulated garage door lets in lots of natural light
-
Looking towards the back garage doors
-
access by stairs to the mezzanine
-
Staff lunchroom at mezzanine level
-
Staff bathroom at mezzanine level
-
One of 2 mezzanine level offices
-
The 2nd mezzanine level office
-
Side yard, showing tenant storage containers, Rogers tower in the back right corner
-
Rogers tower
-
Rear of building showing 3 more garage doors
To access this listing,
please create a free account
please create a free account
Listed by Royal LePage-Comox Valley (CV), sold on June, 2025
Data was last updated July 8, 2025 at 04:05 AM (UTC)
- JEFF MEYER
- eXp Realty Canada
- 1.250.885.2047
- Info@VIREG.ca
