1/771602 Joan Ave, Crofton
1602 Joan Ave, Crofton, BC V0R1R0
$599,900 total
2,663 SF
Asset Class
Specialty
Size
2,663 SF
Building class
A
Zoning
DC2 — Site Specific
$ / SF
$225
Occupancy
97%
Year Built
1973
Lot Size
0.1147842056932966 ac
About this property
Discover the flexibility of living and working from one conveniently located Crofton property. This versatile C2-zoned property combines approximately 1,798 sq ft of commercial space with an attached 865 sq ft, two-bedroom residence. The commercial area offers a spacious storefront, office area, storage, two-piece washroom and convenient street access. The comfortable living quarters include two bedrooms, a four-piece bathroom, eat-in kitchen, living room, laundry and access to a private yard and patio. C2 zoning supports a variety of potential uses, including retail, office, restaurant, salon, fitness or mixed-use opportunities. An appealing option for an owner-operator, investor or entrepreneur looking to live and work in one convenient location. (id:66811)
Financial sandbox
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Monthly debt service
$3K
Projected NOI
$47K
Annual cash flow
$14K
Cash-on-cash
7.84%
DSCR
1.42
Going-in cap
7.89%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Blue Harbour Design | 910 SF | 2033-09 |
| Blue Harbour Design | 1,667 SF | 2033-09 |
Area demographics
Trade area within 3 miles of the property.
Population
110,051
Households
49,308
Median income
$106,000
Median age
32.7
Daytime population
183,541
5-yr growth
7.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1602 Joan Ave, Crofton.
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.