For Sale - Commercial Properties
SALIENT FACTS
Civic Address : 2111 (4580 Sidney) Kingsway
Location : Near the Corner of Kingsway and Victoria St.
Site Size : 7,982 SF
PID : 013-535-838, 013-535-854
Current Zoning : C-2 (Community Commercial)
Total 11 Tenants : 10 Residential units and 4 commercial unit
(4 commercial units are being used by a furniture shop)
Residential units are month to month :
New owner could increase the rent
* Proposed residential lease
$1,600 x 7 one BR units + $2,000 x 2 two BR units + $2,500 x 1
3 BR unit = $17,700/m
* Current commercial lease
$6,800/m à $10,000/m
* Billboard Ad fee : $381/m
* Annul proposed lease = $337,000 / Projected Cap = 3.5+%
Subject Site Description
– Accessible by public transportation
– 15 min walk to Nanaimo Skytrain Station
– 3 min walk to the bus top on Kingsway
– Good exposure to the neighbor amenities incl. Kensington
Gardens
Investment : Enquire Agent