I have listed a new property at 1802 Cook St in Victoria.
This centrally located commercial building is comprised of 5 units that produce a 4% cap rate making it ideal for investors large or small. The strategic corner location is pivotal for future redevelopment (designated as Large Urban Village in the OCP), and the property consists of 3 buildings: 1802 Cook St., 1056 N.Park, and 1806 Cook St. The unit breakdown is as follows: a large, top floor, 3 bedroom studio apartment; 2 street-level commercial spaces on N.Park; and 2 commercial storefronts on Cook St. - all with fixed leases in place. Located in the eclectic Fernwood/North Park Area... an architecturally diverse neighbourhood - home to Crystal Pool, Save on Foods Memorial Arena, Royal Athletic Park, historic churches, popular eateries, urban gardens, art studios, and hip retail shops. Solid investment/holding property for an owner-occupier or seasoned investor. Purchaser to verify all unit measurements.