For Sale · Specialty

612&622 3030 Kilpatrick Ave, Courtenay

612&622 3030 Kilpatrick Ave, Courtenay, BC V9N8P1

$499,900 total

1,725 SF

Asset Class

Specialty

Size

1,725 SF

Building class

C

Zoning

US — Urban Services

$ / SF

$290

Occupancy

88%

About this property

Work from home opportunity at Southgate Village.Calling professional entrepreneurs, investors or those looking for a great mortgage helper. Featuring a 2-level, 2-bedroom residence above with an additional 400 sq ft of bright, accessible, finished commercial space below that includes a 2-piece bath. This condo is tucked into a quiet, private corner and has a spacious layout. The impressive primary bedroom features vaulted ceilings, a 3-piece ensuite with double walk-in shower, and a huge walk-in closet. Additional storage space in primary bedroom is an added bonus. Enjoy cozy evenings by the gas fireplace in the living room or relax on the deck with natural gas BBQ hook-up. The main level townhouse includes a galley kitchen, separate dining area, a second bedroom and a 4-piece bath with laundry center. Commercial C2 zoning and a prime location in a bustling area of Courtenay where you can walk to shops, dining, parks and the beach or simply downstairs to your business or office space (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$28K

Annual cash flow

$223

Cash-on-cash

0.15%

DSCR

1.01

Going-in cap

5.59%

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)

TenantAreaExpiry
Vector Robotics457 SF2030-07
Vector Robotics743 SF2030-07
Vector Robotics400 SF2030-07
Vector Robotics400 SF2030-07

Area demographics

Trade area within 3 miles of the property.

Population

77,477

Households

27,619

Median income

$98,500

Median age

31.2

Daytime population

80,458

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 612&622 3030 Kilpatrick Ave, Courtenay.

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.