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Investment Highlights
- Positioned within Michigan Park, offering visibility and access in an area experiencing ongoing neighborhood investment.
- Value-add opportunity with potential for renovations, appreciation, and future income growth.
Executive Summary
This commercial property in the Michigan Park subdivision presents a compelling investment opportunity. Built in 1937, the brick structure offers a solid foundation with average condition, making it suitable for various business ventures or potential renovations. The property features a driveway for convenient parking, enhancing accessibility for clients and customers. Located in a diverse area with growth potential, this property benefits from its strategic positioning, attracting foot traffic and increasing visibility. The absence of an association fee allows for greater flexibility in management and operational costs. Investors can capitalize on the area's development trends, with potential for appreciation and rental income. The property's average condition provides a canvas for value-add improvements, which can significantly enhance returns. This is an ideal opportunity for those looking to expand their portfolio in a promising market.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,302 SF
Building Class
C
Year Built
1937
Price
$973,737 CAD
Price Per SF
$423.00 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.16
Lot Size
0.05 AC
Zoning
MU-3
Parking
2 Spaces (0.87 Spaces per 1,000 SF Leased)
Frontage
15’ on Bunker Hill Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The Therrell Smith School of Dance
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Therrell Smith School of Dance | - | - | - | - |
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4230-0037 | Improvements Assessment | $173,129 CAD |
| Land Assessment | $67,139 CAD | Total Assessment | $240,268 CAD |
Property Taxes
Parcel Number
4230-0037
Land Assessment
$67,139 CAD
Improvements Assessment
$173,129 CAD
Total Assessment
$240,268 CAD
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2019 Bunker Hill Rd NE
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