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2950 Douglas Street, Burnside Victoria

Price

$23,500,000

BedroomsNot listed

BathroomsNot listed

Size55925 sqft

Year BuiltNot listed

Property TypeCommercial

Property Taxes$424,101.17

Description

NAI Commercial is pleased to present the opportunity to acquire a centrally located grocery anchored neighbourhood shopping centre, fully leased with a mix of national and regional tenants. Situated on 2.2 acres comprised of two parcels, included is an additional parking lot prime for redevelopment. Douglas Shopping Centre is located between Burnside Road E and Douglas Street/Highway 1, which is the main arterial route between Victoria and Saanich. Situated close to residential neighbourhoods, industrial, office and other retail hubs, the property is easily accessible by car, public transit and cycling routes. Showcasing a variety of long-standing commercial Tenants, don't miss the opportunity to own an asset that has not come to the market in thirty five years with significant future redevelopment potential. An NDA has been provided in the supplements for access to the data room. (id:39198)

Listed By

The listing brokerage and/or agent is NAI Commercial (Victoria) Inc.

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

$119,763 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$18,800,000

Total Interest Payments

$11,591,345

Total Payment (Principal + Interest)

$30,391,345

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

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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

Cowichan Valley

Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture

Westshore

Westshore

The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.

Victoria

Victoria

As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.

Oak Bay

Oak Bay

Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.

Saanich

Saanich

The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.

We can help you find your dream home