585 England Ave
Courtenay, British Columbia
MLS® 1050139
$3,600,000
- Status
- Active
- Property type
- Retail
- MLS® number
- 1050139
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1956
1 / 4Listing description
NET/NET/NET AAA BMO BANK TENANTED INVESTMENT OPPORTUNITY. The property consists of a well-maintained 5,885-square-foot single-storey commercial building situated on an approximately 8,277-square-foot (0. 19-acre) corner site.
Originally constructed in 1956 and extensively renovated in 1993 and 2005, the building has been purpose-built and occupied as a financial institution. Its strategic corner position provides approximately 172 feet of combined frontage, including approximately 52 feet along England Avenue and 120 feet along 6th Street, creating exceptional exposure to both vehicular and pedestrian traffic. The property is further enhanced by adjacent accessibility from surrounding commercial districts.
The building is fully occupied by Bank of Montreal (BMO) under a carefree, fully net lease structure, providing ownership with minimal management responsibilities and predictable income
Property summary
- MLS® number
- 1050139
- Property type
- Retail
- Building type
- Retail
- Title
- Freehold
- Land size
- 8276 square feet
- Built in
- 1956
- Annual property taxes
- $44,011.73
- Parking
- 6 spaces
- Days on market
- 2 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
- Lot features
- Central location, Corner Site, Other
What would this home cost you?
Based on the $3,600,000 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 Royal LePage Sussex, North Vancouver.
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.