487 Burnside Road, Burnside Victoria
Price
$2,690,000
BedroomsNot listed
BathroomsNot listed
Size8006 sqft
Year BuiltNot listed
Property TypeCommercial
Property Taxes$39,595
Description
Rare chance to own a versatile industrial property in the heart of the core area. This high-utility building features two ground-level units with separate entrances, a mezzanine, dedicated office spaces, a boardroom, and a rear exterior shop with two powered sea cans. Ample parking enhances accessibility. Ideal for investors or owner-occupiers, the property offers flexible occupancy (six months’ notice required to existing month-to-month tenants - triggered from final subject removal date) or renegotiate leases for steady income. Workshop height 17'6'' exterior door 10'x12'. Located in a rapidly re-developing area, this asset holds potential for future growth and development. Do not approach tenants and all measurements are approximate and should be verified by buyers. Act now to secure this high-value, multi-functional industrial gem. (id:39198)
Listed By
The listing brokerage and/or agent is Coldwell Banker Oceanside Real Estate
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$12,964 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,152,000
Total Interest Payments
$1,326,840
Total Payment (Principal + Interest)
$3,478,840
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.