219 VERMILION AVE Active Save Request In-Person Tour Request Virtual Tour
No City Value,BC V0X 1W0
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family Commercial,Retail
Listing Status Active
Purchase Type For Sale
Square Footage 17,132 sqft
Price per Sqft $162
Subdivision Cadreb Out Of Town
MLS Listing ID C8066988
Year Built 1961
Annual Tax Amount $25,500
Tax Year 2024
Property Sub-Type Multi-Family Commercial,Retail
Property Description
Opportunity to obtain an extensively renovated multi-tenanted mixed use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units have been upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 5.8% on the asking price with a solid tenant mix makes this a smart investment for the future.
Location
Province BC
Community Cadreb Out Of Town
Area Z Other Cadreb
Zoning British Columbia Default Zone
Region Chilliwack
City Region Chilliwack
Exterior
Community Features CADREB Out of Town
Amenities Available Laundry Facility
Water Access Desc Municipal
Roof Type Other
Building
Building Description Wood Frame, Low Rise (2-4 storeys),Mixed Use,Street-Level Storefront
Story 2
Sewer Municipal/Community
Water Municipal
Structure Type Wood Frame