22
$2,400,000 Sale
Listed 1 day
2061 Malaview Ave
· 0
· 0
· -
· 10685
Key Facts
Key facts for 2061 Malaview Ave
Property Type
Commercial
Parking
On Site
MLS #
1053442
Size
10685 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$21,855 /yr
Days on Market
-
Year Built
1988
Maintenance Fee
-
Description
An excellent opportunity to acquire 3 fully leased industrial strata units offering a 5.7% cap rate and significant rental upside. The offering also includes a 2-bed residential unit. Representing half of the six-unit complex and a 66% interest in the overall property, these well-maintained units co...mprise approx. 10,685 sqft. of combined interior space and 30 designated parking stalls. All 3 strata units are occupied by long-term tenants at below-market rental rates, providing an opportunity for income growth upon renewal. The strata complex sits on nearly 30,000 sq. ft. of land with convenient access to BC Ferries, the Airport, Sidney and Victoria. Access from both Malaview Ave and a rear laneway supports efficient circulation and loading. Each industrial unit features grade-level bay doors,12 or 14 feet and full-height mezzanines, accommodating a wide range of businesses under the M1 zoning. An attractive investment with established tenancy, a residential component and future upside.
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Listing courtesy of: Pemberton Holmes Ltd.

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