971 Canada Ave Duncan, BC V9L 1V2

Excellent investment and / or future development opportunity in downtown Duncan. The property features a 3,203 SF building and a 28,873 SF lot. Long term tenant in place offering a 5.5% cap rate on existing income. The property is zoned Downtown Comprehensive Zone allowing for mixed-use development up to 6 story or 4 storys for other uses. Constructed in 1975, the building is single story with concrete block exterior and new torch on membrane roof completed in 2022. Main floor is comprised of reception, two (2) washrooms, one (1) large office, one (1) small office, large open production area, storage and shipping and receiving area. There is a gas fired HVAC unit on the roof which services the production area with heat and air conditioning. The office areas are serviced by two ductless heat pumps installed in 2022. Contact listing agent for further details