This nicely updated commercial building with several rental streams is centrally located in downtown Summerland! With a total of 9 units, 2 being vacant and 7 occupied by great tenants. The yearly rental income is over $76,000 per year with room to increase! 2 stories tall and situated on a good sized .15 acre corner lot with lane access and tons of parking in the rear. Main floor has an H&R Block office, bathroom, cabinet company and a school. Upstairs are 6 other office spaces, most are rented and all connected with common hallways leading to two stairwells down to the lower street level. There is a small kitchenette and bathroom on the upper level. A new roof is being installed in the next month and the whole building looks well taken care of. Excellent location with amazing future development potential! (id:4069)
Address
13201 VICTORIA Road
List Price
$1,199,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
sale
Area
British Columbia
Sub-Area
Summerland
Lot Size
0.15 Sq. Ft.
Year Built
1971
MLS® Number
10354066
Listing Brokerage
Century 21 Assurance Realty Ltd
Postal Code
V0H1Z0
Site Influences
Golf Nearby, Recreation, Schools, Shopping
