107 7th Ave, Lillooet, British Columbia

This commercial-residential mix building located in downtown Lillooet has been very well maintained and has had many upgrades in the past 15 years. The upper floor consists of 2 - 2-bedroom apartments and 7 - 1-bedroom apartments. The lower floor has a 1-bedroom apartment. Presently the Seller pays for the electrical, but every apartment does have its own hydro meter. Newer windows. 9 of 10 units are equipped with individual AC units and 9 of 10 apartments come fully furnished, including kitchen supplies. All units are presently rented on a month-to-month basis with great tenants. The lower floor is approximately 4500 sq ft. 2500 sq ft. approximately is presently leased out with the lease ending June 30th, 2024 with the option to renew upon agreement. Remaining space includes the Unit 10 Apartment (approx. 650 sq ft). The garage (approx. 1000 sq ft). New Fire Alarm suppression system to current code. This is a well-established income generating property. GST is applicable. Decent Cap Rate (id:27476)

Located in downtown Lillooet, this commercial-residential mix building has been meticulously maintained and undergone numerous upgrades over the past 15 years. The upper floor features 2 two-bedroom apartments and 7 one-bedroom apartments, while the lower floor has a one-bedroom apartment. The seller currently covers the electrical costs, although each apartment has its own hydro meter. The building boasts newer windows, with 9 out of 10 units equipped with individual AC units and fully furnished, including kitchen supplies. All units are currently rented on a month-to-month basis to excellent tenants. The lower floor spans approximately 4500 sq ft, with 2500 sq ft currently leased out until June 30th, 2024, with the option to renew. The remaining space includes the Unit 10 Apartment (approximately 650 sq ft) and the garage (approximately 1000 sq ft). The property also features a new Fire Alarm suppression system that meets current code requirements, making it a well-established income-generating property. GST is applicable.

This property, located at 107 7th Ave in Lillooet, British Columbia, is for sale and offers a land size of 15246 sq ft. It is conveniently situated near shopping amenities, making it an attractive investment opportunity in the heart of the Lillooet community.