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11191 Horseshoe Way 5,522 SF Industrial Condo Unit Offered at $2,688,000 CAD in Richmond, BC V7A 4S5
Investment Highlights
- IB1 zoning allows for more than 25 permitted uses, offering operational flexibility.
- Includes 1,189 SF of improved office space with two bathrooms and a kitchen/meeting area.
- Current lease provides stable income through 2031, with potential for early possession by owner-user.
- Clear-span warehouse with 20-foot ceilings, full loading dock, and dock leveler for efficient handling.
- Four dedicated parking stalls plus visitor parking for convenience.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Sale Notes
Flexible, functional, and strategically located, position your business in the heart of Riverside Industrial Park at 4-11191 Horseshoe Way. This IB1-zoned strata warehouse offers 5,522 SF total, including 1,189 SF of improved office space with two bathrooms, 3,144 SF of clear-span warehouse with 20' ceilings, full loading dock and above grade-level bay with dock leveler, plus kitchen/meeting area, and 1,189 SF of second-floor mezzanine space. Four parking stalls included with additional visitor parking available. IB1 zoning permits 25+ uses, providing exceptional flexibility for a broad range of businesses. Currently a vacant tenanted property offering versatility for both owner-users and investors. The existing tenant is open to early lease termination, presenting a strong opportunity for an owner-occupier seeking near-term possession. Alternatively, investors can secure stable income of $7,822.83 per month through February 2028, increasing to $8,052.92 per month until 2031. Easy to show!
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 4 | 5,522 SF | Industrial | $2,688,000 CAD ($486.78 CAD/SF) | - |
Unit 4
| Unit Size |
| 5,522 SF |
| Condo Use |
| Industrial |
| Price |
| $2,688,000 CAD ($486.78 CAD/SF) |
| NOI |
| - |
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Unit 4
| Unit Size | 5,522 SF |
| Condo Use | Industrial |
| Price | $2,688,000 CAD ($486.78 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Notes | |
| Flexible, functional, and strategically located, position your business in the heart of Riverside Industrial Park at 4-11191 Horseshoe Way. This IB1-zoned strata warehouse offers 5,522 SF total, including 1,189 SF of improved office space with two bathrooms, 3,144 SF of clear-span warehouse with 20' ceilings, full loading dock and above grade-level bay with dock leveler, plus kitchen/meeting area, and 1,189 SF of second-floor mezzanine space. Four parking stalls included with additional visitor parking available. IB1 zoning permits 25+ uses, providing exceptional flexibility for a broad range of businesses. Currently a vacant tenanted property offering versatility for both owner-users and investors. The existing tenant is open to early lease termination, presenting a strong opportunity for an owner-occupier seeking near-term possession. Alternatively, investors can secure stable income of $7,822.83 per month through February 2028, increasing to $8,052.92 per month until 2031. Easy to show!</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 72,367 SF | Typical Floor Size | 72,367 SF |
| Property Type | Industrial (Condo) | Year Built | 1990 |
| Property Subtype | Warehouse | Lot Size | 3.15 AC |
| Building Class | C | Parking Ratio | 0.29/1,000 SF |
| Floors | 1 | ||
| Zoning | IB1 - Industrial bussiness park | ||
| Total Building Size | 72,367 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 72,367 SF |
| Year Built | 1990 |
| Lot Size | 3.15 AC |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | IB1 - Industrial bussiness park |
Amenities
- 24 Hour Access
- Mezzanine
- Security System
- Signage
- Shallow Bay
- Air Conditioning
- Smoke Detector
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
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11191 Horseshoe Way
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