Business For Sale · Land

104-108 GRANITE ROAD, Whitehorse

104-108 GRANITE ROAD, Whitehorse, YT Y1A2V9

$650,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

99%

Year Built

1963

Lot Size

0.3443526170798898 ac

About this property

Rare 3-lot commercial assembly in Marwell -- 15,000 sq ft, 150' of frontage, tied into city water and sewer in 2013. Currently rented, with the opportunity to be vacant upon possession. Rezoned to CIM (Commercial-Industrial Mixed), opening the door to commercial, light industrial, mixed-use, and live/work redevelopment. Three separate titles allow you to build across the full site, phase it, or keep as-is. The 1,000 sq ft duplex at 106 Granite Rd. -- non-conforming, revenue/residence use -- went through a full 2000 refresh that included decks, windows, exterior doors, and foundation work. Oil heat serves the larger suite (new tank 2017); the smaller unit runs on electric, and the basement is independently metered as part of the three-meter setup. Hold as revenue while determining future plans for the lot, or clear for new construction. Prime central location -- steps to downtown, the Alaska Highway, and Marwell's expansive business corridor! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$-285

Cash-on-cash

-0.15%

DSCR

0.99

Going-in cap

5.50%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

144,977

Households

60,376

Median income

$69,500

Median age

40.3

Daytime population

226,840

5-yr growth

3.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 104-108 GRANITE ROAD, Whitehorse.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.