• Sold
SOLD: Investment Opportunity
SOLD: Investment Opportunity
SOLD: Investment Opportunity
SOLD: Investment Opportunity

For Sale

$3,800,000 CAD

The subject property is located in the heart of Kerrisdale mid-block on East Boulevard between 43rd and 44th Avenue. The 6,500 SF site with 50 feet of frontage along East Boulevard with a return depth of 130 feet. The property is improved with a 9,599 SF, three-storey, mixed-use, commercial/residential building constructed in 1980. It includes 14 on-site surface parking stalls located at the rear of the building. The property has significant holding income with upside through below market rents and irreplaceable C-2 zoned land reinforces long term value.

The ground floor and second floor of the building is designed with a reception area, private offices, washrooms, and storage and open areas, finished to good commercial office standard with painted drywall, carpeting and inset fluorescent lighting in T-bar ceiling. Some of the second floor is newly renovated including a new boardroom.
The third floor is divided into two office units, occupied by a dentist and the owner, with above average finishes. The third floor also contains a 3-bedroom suite with above average quality finishings including two fireplaces, two bathrooms, skylights, covered deck, built in appliances, granite countertops and wood cabinetry. The apartment is entered from the 3rd floor common area, but is fenced and gated for security purposes. The apartment unit also features four heating and air conditioning units as well as electric baseboard heating.

Property Details

  • 06/01/2012
  • Sold