Office for sale

321 16 Highway, Burns Lake - Town, Burns Lake

$1,400,000 or
$1,400,000 or

Office for sale

321 16 Highway, Burns Lake - Town, Burns Lake

Features

Lifestyle
224962931 1400000 /en/office~for-sale~burns-lake-town-burns-lake/224962931?view=Summary /en/office~for-sale~burns-lake-town-burns-lake/224962931/photos 54.2280400000 -125.7606900000 true
Lot Size
15,575 sqft
Gross Property Tax
$11,980.83 /year
Building Type
See Realtor Remarks
Zoning
C2

Description

Located in the vibrant heart of Burns Lake, adjacent to hotels and near shopping, this mixed-use building is a prime investment. It features 2 residential and 9 commercial units, all fully occupied, reflecting high demand. Renovated in 2013-2014 with a new roof, modern vinyl plank flooring (except in 2 carpeted units), updated windows, electrical systems, additional rental units, bathroom upgrades, new exterior doors, furnace, and retaining wall, it's in top condition. Priced at $1.4 million with an 8% Cap rate, it offers a lucrative return. The building's month-to-month leases provide flexibility to increase income, making it an attractive buy for those looking to invest in Burns Lake's thriving commercial landscape.
MLS® Number C8057862

Listing REALTORS®

Cole Westersund, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Cole Westersund

REALTOR®, Personal Real Estate Corporation

Landquest Realty Corporation

Jantina Hamelink, REALTOR<sup>®</sup>

Jantina Hamelink

REALTOR®

RE/MAX Bulkley Valley

Chase Westersund, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Chase Westersund

REALTOR®, Personal Real Estate Corporation

Landquest Realty Corporation

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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