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.

Listing Price: $8,800,000.00

Contact Nick Bodie

Tel: 604.353.9468

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