Business for sale

607 Coronation Ave, Duncan

$999,000 or
Business for sale in Duncan, East Duncan, 607 Coronation Ave, 891775 | Realtylink.org
$999,000 or

Business for sale

607 Coronation Ave, Duncan

Features

Lifestyle
891775 999000 /en/business~for-sale~duncan/891775?view=Summary /en/business~for-sale~duncan/891775/photos 48.7789200000 -123.6967300000 true
Lot Size
6,200 sqft
Gross Property Tax
$7,386.04 /year
Zoning
NC
Amenities
Balcony/Patio, Fencing: Full, Garden, Low Maintenance Yard, Security System, Sign: Allowed, Storefront, Basement, Parking
Additional Features
Family-Oriented Neighbourhood
Major Business Type
Grocery, Retail

Description

This family-owned Convenience store has been a pillar of the community in Duncan for many decades. Just a 45 - minute drive from the Nanaimo Ferry to Vancouver, and an hour to Victoria Ferry. This is the only commercial zoned lot in the area surrounded by residential limiting competition. Zoning allows for mixed-use development providing a good long-term investment opportunity. The store comes with a 3 Bedroom house attached, perfect for owner operator or to provide accommodation for a live-in manager couple. Sales increasing year- over-year. No franchise fees, no gas company to deal with. Current owners have raised their family supported by this business and are ready to retire. Plenty of upside for new owner willing expanding offerings and open hours. Flexible zoning allows for restaurant, retail, office, etc. Take advantage of low interest rates to build equity, have a place to live and earn a solid income without having to leave home.
MLS® Number 891775

Listing REALTOR®

Chris Sutton, REALTOR<sup>®</sup>

Chris Sutton

REALTOR®

Sutton Group-West Coast Realty

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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