





322 John Street, Rock Bay Victoria
Price
$4,950,000
BedroomsNot listed
BathroomsNot listed
Size10465 sqft
Year BuiltNot listed
Property TypeCommercial
Property Taxes$71,863.54
Description
Exceptionally well-located investment property, in the heart of the Rock Bay Industrial District. 322 John Street is a versatile 10,465 SF building on a 16,765 SF secured lot with lots of parking. Centrally located with excellent vehicular access to Greater Victoria and all major highways. The current owners have taken great care of the building. There is a long term, Class AAA tenant in place by the name of Westburne Electric, owned by parent company Rexel Canada since 1926. Westburne is a nationwide leader in lighting and energy solutions. The tenant is currently paying “below market” rents, which gives an in-coming investor a great opportunity to increase the revenue on the building by 25% within the next two (2) years. The opportunity is to purchase an exceptionally well-located and cared-for industrial warehouse in the heart of midtown Victoria, with a solid Class AAA tenant in place and the bonus of being able to roll up rents by approximately 25% within the next two (2) years. (id:39198)
Listed By
The listing brokerage and/or agent is Royal LePage Coast Capital - Chatterton
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Property Dimensions
The Property Location
Mortgage Calculator
Total Monthly Payment
$23,771 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$3,960,000
Total Interest Payments
$2,441,582
Total Payment (Principal + Interest)
$6,401,582
Cashflow Calculator
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.
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