Rare commercial/residential property fronting Oak Bay Ave . The building has undergone renovations and upgrades and is in excellent condition . Ground floor commercial space is currently leased on a month to month lease.Main suite is a large two bedroom, 3 bathroom and is currently vacant. Top floor is a smaller two bedroom one bath suite and is currently vacant.Potential return on the whole building at market rent would be 3.9% on asking price.There may be potential to rezone to short stay on the residential units and increase income . There may also be potential for development to a 4 floor multi family building. This would be an excellent holding property showing good returns with potential for further development . (id:6289)
Pemberton Holmes Ltd. - Oak Bay
Pemberton Holmes Ltd. - Oak Bay.