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$ 1,590,000
Est. payment /mo
Active
1441 NORTHWEST Boulevard Creston, BC V0B1G6
0.55 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Creston
MLS® Listing ID 10401432
Year Built 1960
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Freehold
Property Description
A rare opportunity to acquire approximately 0.5 of an acre of Commercial/Highway zoned property along Creston's primary highway corridor, currently improved with 14 residential rental units. The property is fully occupied and includes one 3-bedroom home, one 2-bedroom home, two individual cabins, four 1-bedroom suites and six bachelor suites. The majority of tenants are long-term, providing an established rental base in a community that has historically experienced very low rental vacancy. The property has been maintained and upgraded over time, including plumbing, electrical components, HRV units and fire-rated drywall to meet current building and safety requirements. The zoning provides flexibility beyond the existing residential use, creating potential for future commercial, redevelopment or other permitted uses, subject to municipal approvals. The highway location offers excellent exposure and proximity to established commercial businesses and services. An owner could continue the property as a rental business, live onsite and self-manage, or utilize professional management while considering longer-term opportunities for the property. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features Yes
Community Features High Traffic Area
View Y/N No
Roof Type Unknown,Unknown
Attached Garage No
Garage Yes
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Century 21 Assurance Realty Ltd