Homes located in the Cowichan Valley on Beautiful Vancouver Island, British Columbia
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131 STATION STREET in DUNCAN: Z3 West Duncan Building And Land for sale (Zone 3 - Duncan) : MLS® # 427290
131 STATION STREET DUNCAN V9L 1M8 : Z3 West Duncan
Downtown Duncan rare offering of a historic high exposure Commercial building built in 1909. Currently the well known, intimate live music "Duncan Showroom" operated by Duncan's famous Longevity John Faulkner. Go see a show! Current C1 zoning allows many options & room for expansion. Eclectic Decor. Unique main floor 3600 sqft + a mezzanine & part basement leased at $2,400 per month, some original features well worth preservation like rare stamped tin ceilings. 2nd floor 2700 sqft leased at $1,600 per month. Total area up & down 6,300 sqft, total. Monthly leases = $4000. Tenant pays own utilities. Owner pays taxes and insurance, 61x102 lot includes lane beside building and parking in the rear. Building in fair condition with new roof in 2016, natural gas heat downstairs, electric heat pump upstairs. Income annual; Rents $48,000; taxes $9,611; insurance $1,662 = net income before maintenance $36,727. For the creative don't miss this prime opportunity.
Listed by GRANT CLEMENT and NATHAN CLEMENT of Sutton Group-West Coast Realty (Dunc)
Listing information last updated on 17-Nov-2017 7:11 PM