Francine Tracey

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347 WESLEY Street
Out of Town No City Value V9R 2T5

Land Commercial

Main Photo: 347 WESLEY Street in No City Value: Out of Town Land Commercial for sale : MLS®# C8056229
Prop. Type:
Land Commercial
MLS® Num:
Investment Property Opportunity! Purchase this fully leased building showing a great annual return of $102,000.00 with a Cap rate over 5% at the asking price. With a 5-year lease & options to renew lasting until 2043. The building is situated in Nanaimo's Vibrant Old City Quarter area and is occupied by one of the city's most popular 1ward-winning restaurants "Asteras Greek Taverna." The building was raised and renovated in 1996 with further renovations in 2008 to its current operation. There is a 2-bedroom, 2-bathroom apartment on the top floor which is rented month to month. The building is set back on the lot allowing parking in the front and on the street. The 2-level building is +/- 3405 square feet in size plus a basement storage area. The owner states the roof is newer and is a hands-off operation. "Please do not disturb the tenant and business operation!" Call for further details and information. All measurements and data is approximate and to be verified if important.
Sale Type:
Name of Complex/Subdivision:
# Other Units:
Total Floor Area:
3,405 sq. ft.
Lot Area:
5,280 sq. ft.
Land Use/Zoning:
Permitted Use:
$18,093 / 2023
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
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Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 347 WESLEY Street in No City Value: Out of Town Land Commercial for sale : MLS®# C8056229
    Photo 1 of 1
Listed by RE/MAX of Nanaimo (VIREB)
Data was last updated June 22, 2024 at 04:40 AM (UTC)
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