Premium Mixed Use Investment/Development Opportunity
POWELL RIVER, BC
INVESTMENT OPPORTUNITY
Description
A high performing, multi-phased mixed-use residential and commercial development builtby Austin Construction, one of the region’s benchmarksfor quality.
Comprising four legal titles over 1.65 acres (71,875 sq. ft.) of site area, this CD-5 zoned property offers a blend of stable and diversified income (Phases 1 - 3) plus shovel-ready expansion (Phase 4).
Stable Income & High-Quality Tenants
Residential:11one (1) bedroom and 18 two(2) bedroom (total 29) homes, currently 100% occupied by a vetted community of mature tenants, supported by a consistent waiting list.
Commercial: Two prime commercial units are leased to a reputable national financial services firm, offering diversified cash flow.
Investment stability: Three of four phases are completed and fully stabilized, generating strong rental income and minimizing operational risk for the incoming investor.
Details
Address | 4747 - 4753 Joyce Avenue, Powell River
Neighbourhood | Westview Commercial
Gross Site Area | 70,803 sf
Building Size | 29 units residentialand 2 commercial spaces
Current Zoning | CD-5 & C-1