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199 Kenvir Rd Lake Cowichan, BC V0R2G0
0.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Lake Cowichan
MLS® Listing ID 1021704
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Freehold
Source Victoria Real Estate Board
Property Description
Exceptional opportunity to acquire the land and building of a long-term, successful auto repair and tire shop. This offering features a stabilized capitalization rate of 6.20% (based on a tenant paying $18 per sq ft NNN for the building and $1 per sq ft NNN for approx. 10,000 sq ft of exterior storage area). A prospective buyer can continue the current use, but the building also has potential for other uses under permitted zoning (C1 General Commercial Zone). The seller is willing to include equipment and inventory for additional consideration. Lake Cowichan is a thriving lakeside community with easy access to Duncan and S. Vancouver Island. Phase 1 & 2 reports available as of August 29, 2025. Recent upgrades include a new heat pump and improvements to both the exterior and interior. DO NOT APPROACH OWNER OR STAFF REGARDING THIS LISTING. Buyer to rely on their own due diligence regarding value. The owner appreciates the community's decades of support and looks forward to retirement. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Heat Pump,
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Virtual Tour https://buildout.com/website/1585976-sale
Listed by Coldwell Banker Oceanside Real Estate