Business for Sale

Mixed-Use Property

usiness
10860 Chemainus Road Ladysmith Vancouver Island and Coast Cowichan Valley
Commercial Building
$1,669,000.00
 

Excellent, cash flow producing, mixed use site with a lot size of 2.52 acres. Currently, the site consists of 15 mobile home pads, one (rentable) single - family dwelling, and a 4,600 sq. ft, commercial building (leased to the Saltair Food Market). The lot is currently zoned C -2 General Commercial Zone and has good exposure on a busy road ( Chemainus Road). 2019 Stabilized Gross Income forecast is $140,400 with an Expense Forecast of 22.7 %. There is on-site management that is included in the Expense Forecast. The MHP is plus 55 and the units are all owned by the tenants. With recent upgrades and improvements the park is attractive and well maintained. The Saltair Food Market (formerly Byron's Market) has serviced the community for decades. The present operators lease the building and are solid tenants. Income has increased yearly and the occupancy is typically at 100%. Present owners have recently made several up grades to the services and facilities on the property. Highlights: diversified and consistent income, long -term tenants, on-site management, recent upgrades and improvements to the services /facilities and in a great location.



 

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Ladysmith, Cowichan Valley, Vancouver Island and Coast

 
 
 

Community Profile: Ladysmith

Vancouver Island and Coast
Cowichan Valley

Located on the 49th parallel, Ladysmith provides an active waterfront, two industrial parks and a beautiful heritage downtown. The Town is committed to fostering a healthy, resilient and environmentally responsible economy. With its mild climate, proximity to major urban centres and convenient transportation networks, Ladysmith is a natural choice to live, work and play.

Statistics
Total Population 8,537
Median Household Income $67,674 ($CDN)
Closest Commercial Airport Nanaimo Airport (11km)
Closest Ocean Port Crofton (20km)
Closest Major Centre Victoria (77km)
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