Located in the vibrant heart of Burns Lake, adjacent to hotels and near shopping, this mixed-use building is a prime investment. It features 2 residential and 9 commercial units, all fully occupied, reflecting high demand. Renovated in 2013-2014 with a new roof, modern vinyl plank flooring (except in 2 carpeted units), updated windows, electrical systems, additional rental units, bathroom upgrades, new exterior doors, furnace, and retaining wall, it's in top condition. Priced at $1.4 million with an 8% Cap rate, it offers a lucrative return. The building's month-to-month leases provide flexibility to increase income, making it an attractive buy for those looking to invest in Burns Lake's thriving commercial landscape. (id:47423)
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Listed By
Landquest Realty Corporation, RE/MAX Bulkley Valley
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Detailed Information
Listing Contract Date
2024-02-23
Property Type
Office
Transaction Type
For sale
Building
Land
Total Size
0.35 acres
Size of Irregular Land
0.35
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