Located in the vibrant heart of Burns Lake, adjacent to hotels and near shopping, this mixed-use building is a prime investment. It features 2 residential and 9 commercial units, all fully occupied, reflecting high demand. Renovated in 2013-2014 with a new roof, modern vinyl plank flooring (except in 2 carpeted units), updated windows, electrical systems, additional rental units, bathroom upgrades, new exterior doors, furnace, and retaining wall, it's in top condition. Priced at $1.4 million with an 8% Cap rate, it offers a lucrative return. The building's month-to-month leases provide flexibility to increase income, making it an attractive buy for those looking to invest in Burns Lake's thriving commercial landscape. (id:4069)
| Address |
321 16 HIGHWAY |
| List Price |
$1,400,000 |
| Property Type |
Office |
| Area |
British Columbia |
| Sub-Area |
Burns Lake |
| Lot Size |
0.35 Sq. Ft. |
| MLS® Number |
C8057862 |
| Listing Brokerage |
Landquest Realty Corporation
| RE/MAX Bulkley Valley
|
| Postal Code |
V0J1E0 |
