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Investment Highlights
- The building has recently been renovated back to an industrial warehouse. All of the interior walls of the the warehouse space have been removed.
- City Sewer and Water has been brought to the property line in the event you ever want to convert from sewer and septic
- Building, roof, well, and septic inspections as well as Phase 1 and 2 Environmental reports have all been done within the last 2 years.
- Traffic Light is being installed at Hwy. 50 and Drako
- Huge Yard with the potential to build
Executive Summary
Exceptional commercial/industrial opportunity on 3.62 acres with access near Hwy. 50. The property features generous yard space, ample parking, and a highly functional layout suited for a variety of industrial, warehouse, contractor, fleet, manufacturing, or distribution uses.
The existing building was originally designed with multiple bay access points, with the option to re-install four (4) 12’ x 14’ bay doors, providing flexibility for expanded operational capacity. Strategic location with improving infrastructure—a traffic light is going in at Drako Way & Hwy. 50, enhancing access and ingress/egress.
Utilities add significant upside with City Water and City Sewer available at the corner of the property. Property may offer potential for approximately 800 amp / 480-volt electrical service, creating additional appeal for heavy industrial, fabrication, manufacturing, or high-power operational uses. Convenient access to major transportation routes and regional distribution corridors makes this a rare industrial opportunity in a growing commercial area.
Information is deemed reliable and believed accurate but is not guaranteed. Buyer is responsible to independently verify all information, including but not limited to utilities, zoning, permitted uses, development potential, electrical capacity, traffic improvements, square footage, and property condition.
The existing building was originally designed with multiple bay access points, with the option to re-install four (4) 12’ x 14’ bay doors, providing flexibility for expanded operational capacity. Strategic location with improving infrastructure—a traffic light is going in at Drako Way & Hwy. 50, enhancing access and ingress/egress.
Utilities add significant upside with City Water and City Sewer available at the corner of the property. Property may offer potential for approximately 800 amp / 480-volt electrical service, creating additional appeal for heavy industrial, fabrication, manufacturing, or high-power operational uses. Convenient access to major transportation routes and regional distribution corridors makes this a rare industrial opportunity in a growing commercial area.
Information is deemed reliable and believed accurate but is not guaranteed. Buyer is responsible to independently verify all information, including but not limited to utilities, zoning, permitted uses, development potential, electrical capacity, traffic improvements, square footage, and property condition.
Property Facts
| Price | $3,311,760 CAD | Lot Size | 3.62 AC |
| Price Per SF | $301.04 CAD | Rentable Building Area | 11,001 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built/Renovated | 1980/2018 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | B | Clear Ceiling Height | 13’ |
| Zoning | GI - General Industrial | ||
| Price | $3,311,760 CAD |
| Price Per SF | $301.04 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 3.62 AC |
| Rentable Building Area | 11,001 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2018 |
| Tenancy | Single |
| Clear Ceiling Height | 13’ |
| Zoning | GI - General Industrial |
Amenities
- Conferencing Facility
- Fenced Lot
- Security System
- Air Conditioning
- Breakroom
Utilities
- Lighting
- Water - Well
- Sewer - Septic Field
- Heating
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Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 008-522-15 | Improvements Assessment | $413,502 CAD |
| Land Assessment | $417,751 CAD | Total Assessment | $831,254 CAD |
Property Taxes
Parcel Number
008-522-15
Land Assessment
$417,751 CAD
Improvements Assessment
$413,502 CAD
Total Assessment
$831,254 CAD
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3581 Drako Way
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