Excellent investment opportunity featuring a well-maintained 6,300 sq. ft. commercial building with strong street exposure and dual access from two streets, including ample on-site parking. The property currently generates stable income with three existing tenants in place and offers immediate upside through the lease-up of two vacant office spaces. With a current cap rate of approximately 6.7%, investors have the opportunity to further increase returns by filling the remaining vacancies and optimizing rental income. The building is in good condition, minimizing near-term capital expenditures, and its prominent frontage and accessibility make it an attractive location for current and future tenants. A solid asset with both dependable cash flow and value-add potential. (id:58126)
| MLS® Number | A2318328 |
| Property Type | Office |
| Plan | 1712398 |
| Constructed Date | 1963 |
| Size Exterior | 6321 Sqft |
| Size Interior | 6321 Sqft |
| Total Finished Area | 6321 Sqft |
| Type | Offices |
| Acreage | No |
| Size Total Text | Unknown |
| Zoning Description | Dt |
https://www.realtor.ca/real-estate/29864578/5219-49-avenue-taber
Contact us for more information
Neil Friesen
Associate
(855) 623-6900
https://onereal.ca/
Wael Dleikan
Associate
(855) 623-6900
https://onereal.ca/
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