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4080 NO. 5 Road
East Cambie Richmond V6X 2V1

$3,590,000
Business with Property, Retail

Main Photo: 4080 NO. 5 Road in Richmond: East Cambie Business with Property for sale : MLS®# C8036794
Photo 1: 4080 NO. 5 Road in Richmond: East Cambie Business with Property for sale : MLS®# C8036794
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Status:
Active
Prop. Type:
Business with Property, Retail
MLS® Num:
C8036794
Bus Major:
General Retail
Bus Minor:
GR - Convenience Store
Build. Type:
Freestanding
Investor's Alert! A rare opportunity to purchase a great improved two-storey mixed use building with a retail unit on the ground floor and a single three-bedroom apartment unit on the 2nd floor, at a high traffic location. This commercial and residential free-standing building is an ideal investment with plenty of potentials for land assembly and redevelopment. The building has been fully renovated both the interior and exterior in 2013. A revenue generator and solid mortgage helper in this prime location, with a 8,407 lot, approx. 10 parking space, next to King George Park, transit nearby, school and shops steps away, and street level commercial space 1218 sq ft, the retail unit generates income of $3000+ per month on a net basis. The home on the second floor 1218 sq ft is highly functional, has 3 bedrooms and a 1 full bathroom and 2 half bathrooms, fully renovated and well insulated. Floor plan to be provided upon request.
Sale Type:
Asset
Property Type:
Business with Property, Retail
Major Bus Type:
General Retail
Minor Bus Type:
GR - Convenience Store
Construction:
Wood Frame
Building Type:
Freestanding, Mixed Use, Street-Level Storefront
Year built:
1980 (Age: 41)
Total Floor Area:
2,436 sq. ft.
Land Use/Zoning:
CL
Taxes:
$7,091.12 / 2020
Storefront, Storage, Visitor Parking, Washrooms Female/Male, Other
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
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    2nd floor
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    1st floor commercial unit
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Listed by Jovi Realty Inc.
Data was last updated April 12, 2021 at 10:05 PM (UTC)
STEVE DA CRUZ | CCIM | PREC
Tiffany Easton
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