321 16 Highway Burns Lake, British Columbia V0J 1E0
$1,400,000
Located in the vibrant heart of Burns Lake, adjacent to hotels and near shopping, this mixed-use building is a prime investment. It features 2 residential and 9 commercial units, all fully occupied, reflecting high demand. Renovated in 2013-2014 with a new roof, modern vinyl plank flooring (except in 2 carpeted units), updated windows, electrical systems, additional rental units, bathroom upgrades, new exterior doors, furnace, and retaining wall, it's in top condition. Priced at $1.4 million with an 8% Cap rate, it offers a lucrative return. The building's month-to-month leases provide flexibility to increase income, making it an attractive buy for those looking to invest in Burns Lake's thriving commercial landscape. (id:31141)
Property Details
| MLS® Number | C8057862 |
| Property Type | Office |
Building
Land
| Acreage | No |
| Size Irregular | 0.35 |
| Size Total | 0.35 Ac |
| Size Total Text | 0.35 Ac |
https://www.realtor.ca/real-estate/26547436/321-16-highway-burns-lake
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March 01 2024 09:51:56
BC Northern Real Estate Board
Landquest Realty Corporation, RE/MAX Bulkley Valley
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