For Sale $6,980,000
Address : Vancouver Island, BC
Lot Size : 2.6 Acre / 114,400 Sqft
Zoning : Commercial
Type of ownership : Strata (Each 84 units are stratafied)
Property Tax : $53,926(2016)
Appraisal Value in 2007 : $5,860,000
Construction : Wood Frame / Built in 1992
Sewer : Municipal
Water : Municipal
Heating : Electric
Unit : 84 units
Parking : 80+ cars
Sign : Owned
Located along the main highway
Very good condition with $400,000 recent renovation
(Replacement of carpets, Gardening, Dryer & Washer
machines..)
Continuous revenue increase
Could be converted into Silver home
Web Sites : www.travelodgeparksville.com
Annual Sales : $1,300,000+ Projected (2017)
Stablized Net Income : $560,000+(2016)
– Special Features
* Low Repair & Maintenance cost
Excellent building condition
* Low property Tax
* Spacious lot for parking and other purposes
* Potential Apt or Townhouse site of 2.6 Acres
* 84 Stratafied units (Could be sold separately)
* Conversion potential to senior homes or multi-family