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$489,000 Sale
Listed 2 hours ago
1111 6 Avenue SW #106
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Key Facts
Key facts for 1111 6 Avenue SW #106
Property Type
Commercial
Parking
1 parking
MLS #
A2358074
Size
-
Basement
-
Listed on
-
Lot size
-
Days on Market
-
Year Built
2005
Maintenance Fee
$338.80/mo
Description
Rarely available prime investment property, fully operated corner restaurant bay situated at the center of West End community, with abundant office building and residential high rises for sale (business is not included). Never vacant for the last 20 years. Tenant is in all net lease, perfect reven...ue; no hands on management needed, rental income generating a net return of 5.9 %+ with listing price, better than Bank GIC. Current net rent for unit + 1 U/G titled stall is $2,178.58/Month plus equipment rent of $250/month plus operating cost. Purchase price includes equipment and improvement (valued at $120,000+) and 1 titled underground parking stall ($37,000+), which must be acquired together with bay. See equipment list for details on equipment which include commercial restaurant environmental exhaust hood and suppression system, dishwasher, refrigeration unit, sandwich counter with cooler, grease trap, and other equipment etc. Conventional base hot water heating and New (2026) Central A/C with fan coil. Prime corner unit only half a block from LRT station and walking distance to shopping and many amenities. TENANT OCCUPIED; DO NOT VISIT UNIT W/O APPOINTMENT; UNIT IS OWNED BY LISTING BROKERAGE.
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Courtesy of: Troy Real Estate Ltd
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