1961 Georgia Street Unit# A, Rossland1961 Georgia Street Unit# A, Rossland — photo 21961 Georgia Street Unit# A, Rossland — photo 31961 Georgia Street Unit# A, Rossland — photo 41961 Georgia Street Unit# A, Rossland — photo 51961 Georgia Street Unit# A, Rossland — photo 61961 Georgia Street Unit# A, Rossland — photo 71961 Georgia Street Unit# A, Rossland — photo 81961 Georgia Street Unit# A, Rossland — photo 91961 Georgia Street Unit# A, Rossland — photo 101961 Georgia Street Unit# A, Rossland — photo 111961 Georgia Street Unit# A, Rossland — photo 121961 Georgia Street Unit# A, Rossland — photo 131961 Georgia Street Unit# A, Rossland — photo 141961 Georgia Street Unit# A, Rossland — photo 151961 Georgia Street Unit# A, Rossland — photo 161961 Georgia Street Unit# A, Rossland — photo 171961 Georgia Street Unit# A, Rossland — photo 181961 Georgia Street Unit# A, Rossland — photo 191961 Georgia Street Unit# A, Rossland — photo 201961 Georgia Street Unit# A, Rossland — photo 21
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For Sale · Specialty

1961 Georgia Street Unit# A, Rossland

1961 Georgia Street Unit# A, Rossland, BC V0G1Y0

$429,000 total

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Asset Class

Specialty

Size

—

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

95%

Year Built

1902

Lot Size

0.11 ac

About this property

A unique opportunity just minutes from downtown Rossland! Located on the main floor of the 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 a vacant shell with high ceilings and plenty of windows providing excellent natural light. Electrical and plumbing are in place, along with a fire/alarm system, sprinkler system and backup generator. Additional improvements include new insulation in the main area and deck. 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$429K
Down payment30% · $129K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$29K

Annual cash flow

$6K

Cash-on-cash

4.38%

DSCR

1.24

Going-in cap

6.86%

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

99,363

Households

46,063

Median income

$127,000

Median age

35.2

Daytime population

121,853

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 1961 Georgia Street Unit# A, 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.