1,2,5 2061 Malaview Ave
Sidney, British Columbia
MLS® 1053442
$2,400,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- 1053442
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1988
1 / 22Listing description
An excellent opportunity to acquire three fully leased industrial strata units at 2061 Malaview Avenue W. , offering a 5. 7% cap rate and significant rental upside.
The offering also includes a two-bedroom residential unit. Representing half of the six-unit complex and a 66% interest in the overall strata property, these well-maintained units comprise approximately 10,685 sq. ft.
of combined interior space and 30 designated parking stalls. All three strata units are occupied by long-term tenants at below-market rental rates, providing an opportunity for income growth upon renewal. The complex sits on nearly 30,000 sq.
ft. of land in the West Side Industrial Area, with convenient access to BC Ferries, Victoria International Airport, Sidney and Victoria. Access from both Malaview Avenue W.
and a rear laneway supports efficient circulation and loading. Each industrial unit features grade-level bay doors measuring 12 or 14 feet and full-height mezzanines, accommodating a wide range of businesses under the M1 zoning. An attractive investment combining established tenancy, a residential component and future income potential.
Viewings are easily arranged.
Property summary
- MLS® number
- 1053442
- Property type
- Industrial
- Title
- Condo/Strata
- Built in
- 1988
- Annual property taxes
- $21,855.00
- Parking
- 30 spaces
- Days on market
- 6 days
What would this home cost you?
Based on the $2,400,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Pemberton Holmes Ltd., Victoria.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.