For Sale · Specialty

1961 Georgia Street Unit# B, Rossland

1961 Georgia Street Unit# B, Rossland, BC V0G1Y0

$215,000 total

—

Asset Class

Specialty

Size

—

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

91%

Lot Size

0.11 ac

About this property

Located on the main floor of the well maintained Redmond building, this vacant commercial space is ready for your vision and offers the chance to design and finish the interior to suit your business or professional needs. The Redmond is a mixed use building featuring contemporary residential units on the upper levels and commercial spaces below, alongside established local businesses. The space is currently vacant and ready to be transformed. Current zoning allows for a variety of potential uses including multiple-unit dwelling, ambulance services and professional offices for doctors, dentists, chiropractors, physiotherapists and other health professionals, as well as lawyers, accountants, engineers and architects. Bring your ideas and create a space that works for you in a great Rossland location! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$215K
Down payment30% · $65K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$993

Projected NOI

$13K

Annual cash flow

$985

Cash-on-cash

1.53%

DSCR

1.08

Going-in cap

6.00%

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

62,962

Households

29,027

Median income

$63,000

Median age

37.5

Daytime population

77,984

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 1961 Georgia Street Unit# B, Rossland.

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.