An excellent opportunity to acquire 3 fully leased industrial strata units offering a 5.7% cap rate and significant rental upside. The offering also includes a 2-bed residential unit. Representing half of the six-unit complex and a 66% interest in the overall property, these well-maintained units comprise approx. 10,685 sqft. of combined interior space and 30 designated parking stalls. All 3 strata units are occupied by long-term tenants at below-market rental rates, providing an opportunity for income growth upon renewal. The strata complex sits on nearly 30,000 sq. ft. of land with convenient access to BC Ferries, the Airport, Sidney and Victoria. Access from both Malaview Ave and a rear laneway supports efficient circulation and loading. Each industrial unit features grade-level bay doors,12 or 14 feet and full-height mezzanines, accommodating a wide range of businesses under the M1 zoning. An attractive investment with established tenancy, a residential component and future upside.More details
Welcome to Summergate Village, a desirable 55+ mobile home community. This beautifully maintained double-wide home is offered for sale by its original owner and is in pristine condition. As a bare land strata, you own both your home and the land (no lease)! With 1,456 sq .feet of comfortable living space, this spacious home features 2 bedrooms, 2 bathrooms, a welcoming family room, and a versatile laundry/sewing room. Updates include a new roof, new hot water tank, ducted heat pump, vinyl windows and a new concrete driveway. Set on a large lot, the property enjoys plenty of sunshine, privacy and gardening opportunities. The Recreation Centre is a few steps away and offers modern amenities including an indoor swimming pool, jacuzzi, library, entertainment room, kitchen, and workshop – creating a wonderful sense of community and opportunities to connect with neighbours. Conveniently located close to the airport, ferry terminals, and bus routes, Pride of Ownership ready for a new owner!More details