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308 George Street,
Enderby / Grindrod Enderby V0E1V0

$799,999
Multi-family built: 2019

Main Photo: 308 George Street, in Enderby: Multi-family for sale : MLS®# 10216857
Photo 1: 308 George Street, in Enderby: Multi-family for sale : MLS®# 10216857
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
10216857
Year Built:
2019

An established and potential-rich investment with incredible opportunity, this expansive property contains both residential and commercial leasing spaces for maximum return. With an 8.4% cap rate, the expansive property is both low risk and high reward. Three residential units exist in one building, including one bachelor suite and two single bedrooms. Adjacent is the commercial building with multiple offices on two separate levels and currently a lease in place with option to extend. Outside, a massive paved parking lot exists with lane access and generous parking for both residents, tenants, and visitors. Ideally located, this property boasts highway exposure and two separate access points into the parking lot.

Exterior Features:

  • Expansive investment property with two separate structures on the property.
  • Huge paved parking lot with lane access and two separate access points.

Interior Features:

  • Residential Triplex with two single bedroom units and one bachelor suite.
  • Commercial structure with a great layout for a multitude of business opportunities.
  • Four separate office spaces on two levels.
  • Upper floor of commercial building could be converted into 2 residential suites.

Amenities:

  • Great location with highway exposure and good visibility.
  • 8.4% cap rate with all income statements available in supplements with detailed breakdowns.
  • Yearly gross income of $73,740.00

For a private viewing of this low-risk and high-reward investment opportunity, call the Salt Fowler Team today at 250-549-7258

Property Type:
Multi-family
Transaction Type:
For sale
Ownership Type:
Freehold
Community:
Enderby / Grindrod
Amenities:
Golf Course, Recreation, Shopping, Airport, Ski hill, Schools, Park, Public Transit
Features:
Central location, Visual exposure, Flat site
Community Features:
High Traffic Area
View:
Mountain view, View, City view, Valley view
Waterfront:
Waterfront nearby
Building Type:
Multi-Family
Building Amenities:
Storefront
Age:
1 years
Exterior Finish:
Stucco
Fireplace:
No
Heating:
Baseboard heaters
Roof Style:
Steel, Conventional
Water:
Municipal water
Sewer:
Municipal sewage system
Land Amenities:
Golf Course, Recreation, Shopping, Airport, Ski hill, Schools, Park, Public Transit
Road Access:
Easy access, Highway access
Landscape Features:
Landscaped, Fully landscaped
Acreage:
No
Lot Size:
0.3 acre(s)
Lot Size:
0.3 ac|under 1 acre
Lot Details:
0.3
Road Surface:
Paved road

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Listed by RE/MAX Vernon Salt Fowler
Disclaimer: This listing data above is provided under copyright by The Canadian Real Estate Association (CREA). This listing data is deemed reliable but is not guaranteed accurate by myRealPage or The Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
Data was last updated October 26, 2020 at 02:15 AM (UTC)
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