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Investment Highlights
- +/- 5,150 SF office space
- Strategic location
- Zoned GC
- Versatile floorplan
Executive Summary
This +/- 5,150 SF office property presents a prime opportunity for investors seeking stable income in a strategic location. Recently leased under a new 5-year modified gross lease, the property generates $72,000 in annual gross rental income, with a net income of $62,621.15 after expenses. This versatile property is zoned GC and designed to accommodate a range of professional uses, featuring a reception area, private offices, a conference room, and coworking spaces. Situated on 0.53 acres with ample parking and excellent access to major roadways, it offers both convenience and functionality. With a sales price of $595,000 and a 10.5% cap rate, this offering presents an excellent opportunity for investors seeking reliable income and long-term value.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,150 SF
Building Class
C
Year Built
1985
Price
$826,574 CAD
Price Per SF
$160.50 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,150 SF
Building FAR
0.22
Lot Size
0.53 AC
Zoning
GC - General Commercial
Parking
35 Spaces (6.8 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 089-011-013D | Improvements Assessment | $165,659 CAD |
| Land Assessment | $35,791 CAD | Total Assessment | $201,450 CAD |
Property Taxes
Parcel Number
089-011-013D
Land Assessment
$35,791 CAD
Improvements Assessment
$165,659 CAD
Total Assessment
$201,450 CAD
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310 Ford Dr
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