321 Yellowhead Hwy - Storefront FOR SALE


Burns Lake, BC V0J 1E0
$1,388,800 CAD
604-545-0636
321 Yellowhead Hwy, Burns Lake, BC for Sale
$1,388,800 CAD
Storefront - FOR SALE
1/1
null | 8% Cap Rate

321 Yellowhead Hwy
Burns Lake, BC V0J 1E0


HIGHLIGHTS

  • 8% Cap Rate Building Includes 11 Units Ttoal
  • C1 Central Business District Commercial Zoning
  • 9 commercial units
  • 2 residential units

OVERVIEW

Strategically positioned along Highway 16, directly opposite well-known hotels, the building offers easy access and high visibility. Priced attractively at $1.4 million with an impressive 8% capitalization rate, this property presents a lucrative return on investment. The month-to-month leases provide flexibility, allowing potential buyers to adjust rental income in line with Burns Lake’s thriving commercial environment. Featuring 11 rental units—2 residential and 9 commercial—all fully occupied by stable tenants, this building is a testament to the high demand in the area. Renovated extensively the property boasts modern vinyl flooring (with two units retaining cozy carpeting), updated windows, upgraded electrical systems, and enhanced amenities such as new bathrooms, a furnace, and exterior doors. The addition of rental units and a retaining wall further enhances its appeal. Additionally, the property comes with the advantage of an assumable low-interest rate mortgage.

FOR SALE DETAILS

PRICE

$1,388,800 CAD

PRICE/SF

$87 CAD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ali JavonJavon Development Corp.More Info
604-545-0636

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Ali JavonJavon Development Corp.More Info
604-545-0636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.