865 Shawnigan-Mill Bay Road, Mill Bay Mill Bay
Price
$1,500,000
BedroomsNot listed
BathroomsNot listed
Size3400 sqft
Year BuiltNot listed
Property TypeCommercial
Property Taxes$12,352.76
Description
865 Shawnigan-Mill Bay Rd is a rare mixed-use opportunity in the heart of Mill Bay, steps to the ocean and seconds to TCH 1. The one-storey commercial building offers excellent storefront exposure, level access, and generous on-site parking, and is fully tenanted. C-6 zoning (Mixed Use Village Commercial/Residential) supports a wide range of uses including retail, office, café/restaurant, personal services, bakery, and artist studio. A single detached dwelling and multi unit dwelling is permitted as an accessory use, creating an ideal live-work setup: build a residence on the elevated area behind the building to capture beautiful mountain views. Surrounded by established businesses and neighbourhood amenities, this is a flexible holding with immediate income and compelling potential for expansion or redevelopment. (id:39198)
Listed By
The listing brokerage and/or agent is Sotheby's International Realty Canada
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
$6,418 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,200,000
Total Interest Payments
$739,874
Total Payment (Principal + Interest)
$1,939,874
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.