Main Photo: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
Photo 1: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
Photo 2: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
Photo 3: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
Photo 4: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
Photo 5: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
Photo 6: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
Photo 7: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
Status:
Sold
Prop. Type:
Commercial Sale
MLS® Num:
876217
Sold Date:
Jun 30, 2021
Year Built:
1971
Parksville Downtown Commercial Building with 2 Units. Fully leased with 2 excellent long-term tenants. This building is in great condition and has been well maintained making it an attractive low-maintenance investment. Leases are both Triple Net and are current until 2023. This investment provides a 4.85% CAP rate at the asking price. Income to owner is $27,888/year ($17.52/sf x 1591sf) There is on-street parking out front and 4 stalls in the back. Each unit includes rear entrance, storage room, and 2 pce bath. Prime location at a reasonable price. This is a great opportunity to get into commercial real estate investment or add to your existing portfolio. Showing by appointment only, please do not disturb tenants.
Price:
$575,000
Property Type:
Commercial Sale
MLS® Num:
876217
Status:
Sold
  • Photo 1: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
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  • Photo 2: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
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  • Photo 3: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
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  • Photo 4: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
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  • Photo 5: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
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  • Photo 6: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
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  • Photo 7: 148 Morison Ave in : PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 876217
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Listed by Royal LePage Parksville-Qualicum Beach Realty (PBO), sold on June, 2021
Data was last updated September 23, 2021 at 07:30 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$999,000
Min list price:
$36,900
Max list price:
$3,499,000
Avg days on market:
79
Min days on market:
21
Max days on market:
927
These statistics are generated based on the current listing's property type and located in PQ Parksville. Average values are derived using median calculations.
KIRK WALPER
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.