Retail for sale

1 1161 the High Street, North Coquitlam, Coquitlam

$8,520,000

Contact the REALTOR^®

$8,520,000

Retail for sale

1 1161 the High Street, North Coquitlam, Coquitlam

Features

Lifestyle

Floor Area

6,938 sqft

Lot Size

302,219,280 sqft

Gross Property Tax

$104,284.32 /year

Zoning

C-7

Bylaws Restriction

None Known

Description

Great hands-free investment opportunity. High visibility, corner strata unit, with Bank of Montreal as Tenant. BMO has just renewed again, and this time for 10 years. Cap rate is 3.5%, with rental bumps throughout term. Tenant intends to substantially renovate premises. Strata unit is 6,938 sf and is the largest tenant in the building, and as such has by far the most votes. This is a very simple property to own. First time on the market in over 20 years. Building has parking for commercial tenants. Great location in Coquitlam Town Centre.

MLS^® Number C8077642

Listing REALTOR^®

Adam Frizzell

REALTOR^®

Lennard Commercial Realty Vancouver Ltd.

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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Adam Frizzell

Lennard Commercial Realty Vancouver Ltd.

Lennard Commercial Realty Vancouver Ltd.

Retail for sale

1 1161 the High Street, North Coquitlam, Coquitlam

Retail for sale

1 1161 the High Street, North Coquitlam, Coquitlam

Features

Description

Listing REALTOR®

Adam Frizzell

Lennard Commercial Realty Vancouver Ltd.

Location

Calculate mortgage payments

Estimated property transfer tax

Calculate borrowing capacity

Listing REALTOR^®