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1802 Cook St in Victoria: Vi Central Park Retail for sale : MLS®# 844154

1802 Cook St Victoria V8T 3P6 : Vi Central Park

Main Photo: 1802 Cook St in Victoria: Vi Central Park Retail for sale : MLS®# 844154
$2,500,000
Prop. Type:
Commercial Sale
MLS® Num:
844154
Status:
Active
This centrally located commercial building is comprised of 5 units that produce a 4% cap rate making it ideal for investors large or small. The strategic corner location is pivotal for future redevelopment (designated as Large Urban Village in the OCP), and the property consists of 3 buildings: 1802 Cook St., 1056 N.Park, and 1806 Cook St. The unit breakdown is as follows: a large, top floor, 3 bedroom studio apartment; 2 street-level commercial spaces on N.Park; and 2 commercial storefronts on Cook St. - all with fixed leases in place. Located in the eclectic Fernwood/North Park Area... an architecturally diverse neighbourhood - home to Crystal Pool, Save on Foods Memorial Arena, Royal Athletic Park, historic churches, popular eateries, urban gardens, art studios, and hip retail shops. Solid investment/holding property for an owner-occupier or seasoned investor. Purchaser to verify all unit measurements.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Central Park, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure0.1 acre(s)
Total Unfinished Rooms:
0
Taxes:
Building Features:
High Traffic Area, Transit Nearby
Ceiling Heights:
Switch units of measure
Total Building Area:
Switch units of measure5,200 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer To Lot
Fireplace:
No
Pending Date:
Northwest corner of Cook and N.Park
0
Yes
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Zoning:
CR-4
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Curb & Gutter, Corner Lot, Level, Sidewalk, Serviced
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
On Site
Total Parking Spaces:
0
Total Units:
Date Listed:
Jul 07, 2020
Original Price:
2500000.0
Listed by RE/MAX Alliance
Data was last updated August 15, 2020 at 12:05 PM (UTC)
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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.