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5,518 ft²
Office / Retail / Multifamily
$2,898,000
Sale


Callan Morrison
Callan Morrison
RE/MAX Commercial Advantage

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Located directly on St. Johns Street. This custom built mixed-use property is perfectly designed for the property investor looking for good holding income and future development potential, as well as the residential owner looking for strong rental income from the multiple suites and commercial office. This unique property has 3 residential units. A 1BD and 2BD ground floor suite, a 4BD 2nd floor, as well as a 1664 sq.ft commercial top floor office. The current owner built the building and is willing to sign a 5 year lease + option on the office space, and is willing to rent the 2nd floor and 1BD suites for a 1 year term. This property provides a strong cap rate return of 4.23% with an upside to 4.5%.


The Space
Asking Price$2,898,000
Available Space5,518 ft²
Floor3
Property UseInvestment property
ZoningCD23
Cap Rate4.23%
Year Built2000
Office Portion1,664 ft²
Parking Spaces7

Parking
Transit Friendly
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The Building

This property is directly on a major transit line and benefits from being only a block away from Kyle Rec Centre, The Port Moody Arts Centre, and less than one kilometer from Moody Centre Skytrain. Rocky point Park and Port Moody’s growing Brewers Row is less than a kilometer away. This is a fantastic location for both access to work and play. Property Generates a 4.23 cap rate up to 4.5% cap rate. MLS C8026881

Property TypeMultifamily
Floors3
Building Size5,518 ft²
Lot Size8,712 ft²
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Callan Morrison
Callan Morrison
RE/MAX Commercial Advantage
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