$1,495,000 · Free standing Mixed use building | James Bay

Pemberton Holmes is 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 a licensed food establishment. 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 contact Kane to set up viewings or for more information.