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746 Caledonia Ave - Tremendous investment opportunity to purchase this M1 zoned property in downtown Victoria! The City of Victoria official community plan now allows for high rise developments in this area!! Being sold - "AS IS, WHERE IS." Site offers excellent exposure to traffic and consists of 7,200 SqFt. The building is currently tenanted Month-to-Month to an import car mechanic/car sales business and is comprised of approximately 3,630 SqFt of Workshop areas, 694 SqFt of mezzanine/loft and 1,235 SqFt of office space on the second floor. Lease now expired and tenant is now on a month to month tenancy at $5,000/Mo PLUS pays Triple Net Expenses. Electrical Service is 3 Phase, 200 Amp. An excellent investment in an excellent location! *NOTE: Buyer to pay for & perform ALL environmental studies that may be required. Don't miss this opportunity - Call today for more information!

Property Details

  • ID: 405463
  • Status: Active
  • Living Area: 4,324
  • Property ID: 101383648
  • Storeys: 0
  • Estimated Annual Taxes: $19,936
  • Style: Other
  • New Construction: No
  • Neighbourhood: Downtown

Features

Buiilding Type Mixed Use
Commercial Area Downtown
Construction Foundation Concrete Block
District Victoria
Jurisdiction City of Victoria
Listing Subtype Industrial
Location Features Highway Access, High Traffic Area, Curb & Gutter
Lot Features Serviced, Level
Map Area Vi Downtown
Other Unfinished Room Count - 0, Total Units - 2, Total Expenses - 0, Tax Year - 2018, Studio Units - 2, Postal District - Central Saanich, Net Income - 60000, Included Land - 1, Included Business - 0, Included Building - 1, Gross Income - 60000, Existing Lease Term - Rent Is M To M Plus Triple Net, Estimated Area - 1, Collapse Count - 0
Real Estate Type Industrial
Sale/Lease Type Sale of Assets
Waste Sewer
Water Supply City/Munic.
Listed By Robert Young of CENTURY 21 Queenswood Realty Ltd.