103 3994 Shelbourne St
Saanich, British Columbia
MLS® 1053729
$2,880,000
- Status
- Active
- Property type
- Retail
- MLS® number
- 1053729
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 15Listing description
An excellent opportunity to acquire a nearly 5,000 sq ft commercial strata unit in the rapidly developing Shelbourne corridor. Unit 103 offers prominent street frontage, strong exterior signage opportunities, and access to a large shared parking lot with ample customer parking, plus a rear area for staff parking and loading. It sits next to the newly redeveloped University Heights Shopping Centre, which is adding nearly 600 new rental apartments to an already busy, well-established commercial area.
The unit is demised into two separate spaces. The approx. 3,766 sq ft restaurant space is fully built out, with a 20 ft commercial hood system and a food-primary liquor licence for approx.
90 guests. The second space is leased to a professional tenant on a long-term lease, providing stable, reliable income. A great opportunity for a restaurant group looking to own their own property, plus the benefit of an income-generating unit.
The restaurant unit can be provided vacant on possession.
Property summary
- MLS® number
- 1053729
- Property type
- Retail
- Building type
- Retail
- Title
- Condo/Strata
- Annual property taxes
- $68,392.00
- Days on market
- 2 days
What would this home cost you?
Based on the $2,880,000 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.