Real Estate Investment: Mixed Use Building in Hope - 821 Sixth Ave

About This Property

Uptown Mall is mixed-use, strata-titled property with existing income in Hope, BC. The property consists of 4 ground level commercial units and 5 apartment units (2 -3/bdrm & 3 -2/bdrm) located on the second floor. The property offers future development potential as CBD Downtown Business District zoning allows for 100% site coverage. Property taxes of $22,905.06 (2019) include all PID's on the property.

Location: The property is well positioned at the intersection of Wallace Street and Sixth Avenue, two
major roadways in District of Hope.

Features: 

  • Civic Address: 821 Sixth Avenue, Hope, BC
  • Site Size: 27,878 SF
  • Improvements: 15,000 SF Mixed-Use building (Purchaser to confirm measurements and areas, if required)
  • Zoning: CBD - Downtown Commercial
  • OCP Designation: DT - Downtown Hope

Asking Price $2,800,000

    

Initial Cash Required: $935,500

Monthly Cash Flow: $783

Annual ROI: 17%

(10 Year Hold)

  

 

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