Pleased to present the opportunity to purchase a free standing mixed use building in beautiful James Bay located at 581 Niagara St. This building has recently undergone a complete renovation, with new plumbing, electrical, insulation and a new roof in March 2019.The Ground floor space has housed a community grocery store since it was originally built in 1908, making it the oldest grocery store in Victoria. The ground floor commercial space is approximately 1600 sqft and is health board approved for food service as well. The newly renovated upper suites have private entrance and consist of a 2 bedroom suite and a large 1 bedroom suite. With the building built directly on 3 lot lines, a large outdoor space has been created which can be used for parking or as an outdoor patio for the commercial tenant.
Great opportunity for an opener operator or an investor. 4 % CAP rate and room for increased lease rates. *Please do not approach staff. Call to set up viewings.
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