Multi-family for sale
1205 3rd Avenue, Downtown PG, Prince George
$1,398,888
$1,398,888
Multi-family for sale
1205 3rd Avenue, Downtown PG, Prince George
Features
Year Built
1948
Floor Area
9,795 sqft
Lot Size
3,300 sqft
Gross Property Tax
$24,449.23 /year
Building Type
Freestanding, Commercial Mix, Mul Tenant/MultiPlex (5+)
Zoning
C-1
Amenities
Air Conditioning, Secured Parking, Washrooms Female/Male
Suite Mix Information
1 x Bachelor/Studio, 2 x 2 ½
Total no. of Units
3
Financial Summary
$9,000
Description
Rarely will you find such a location and renovation at such an attainable price point. This fully-renovated mixed-use building is located at the corner of 3rd Avenue and Dominion Street in the heart of Prince George. The entire building was renovated in 2016/17. Everything has been updated - electrical, mechanical, roof, windows, and interiors. A brand-new fire panel was installed in 2022. As a result, the asset is in exceptionally good condition and will provide stable income for decades. Cap rate is 5% Commercial tenants are stable with long term leases. Prince George is a growing regional centre with a diverse economy including health care, retail, manufacturing, construction, natural gas, mining, forestry, education and so much more. Over $9000 rental income/month.
MLS® Number C8057610