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199 Kenvir Rd in Lake Cowichan: Du Lake Cowichan Industrial for sale (Duncan) : MLS®# 1021704

199 Kenvir Rd Lake Cowichan V0R 2G0 : Du Lake Cowichan

SOLD OVER THE LISTING PRICE!
Main Photo: 199 Kenvir Rd in Lake Cowichan: Du Lake Cowichan Industrial for sale (Duncan)  : MLS®# 1021704banner
$1,180,000
Prop. Type:
Commercial Sale
MLS® Num:
1021704
Status:
Sold
Sold Date:
Mar 16, 2026
Exceptional opportunity to acquire the land and building of a long-term, successful auto repair and tire shop. This offering features a stabilized capitalization rate of 6.20% (based on a tenant paying $18 per sq ft NNN for the building and $1 per sq ft NNN for approx. 10,000 sq ft of exterior storage area). A prospective buyer can continue the current use, but the building also has potential for other uses under permitted zoning (C1 General Commercial Zone). The seller is willing to include equipment and inventory for additional consideration. Lake Cowichan is a thriving lakeside community with easy access to Duncan and S. Vancouver Island. Phase 1 & 2 reports available as of August 29, 2025. Recent upgrades include a new heat pump and improvements to both the exterior and interior. DO NOT APPROACH OWNER OR STAFF REGARDING THIS LISTING. Buyer to rely on their own due diligence regarding value. The owner appreciates the community's decades of support and looks forward to retirement.
Price:
$1,180,000
Property Type:
Commercial Sale
MLS® Num:
1021704
Status:
Sold
Listed by Sutton Group-West Coast Realty (Dunc) and Coldwell Banker Oceanside Real Estate, sold on March, 2026
Data was last updated March 27, 2026 at 06:05 PM (UTC)
MIKE EDDY
Superior MLS® Search

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.