For Sale · Retail

20483 FRASER HIGHWAY, Langley

20483 FRASER HIGHWAY, Langley, BC V3A4G3

$2.6M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

97%

About this property

Fabulous opportunity in Langley City's Historic Downtown Core! This prominent commercial/residential property fronts Fraser Highway and 56th Ave and features a rare dedicated parking lot with 15 parking spaces - an exceptional asset in this area. Zoned C-1 Downtown Commercial, the property offers significant future development potential, with the OCP permitting up to 47,000 sq. ft. of buildable area and a maximum 5.5 FAR. The Historic Downtown Core has recently received a beautiful revitalization, bringing renewed energy, increased pedestrian traffic and a vibrant mix of well-loved local businesses and exciting new additions. With the future SkyTrain adding to the area's connectivity and continued investment transforming downtown, this is an opportunity to secure a property in an evolving and sought-after location. Whether you're looking for a commercial investment, mixed-use opportunity or future redevelopment potential, this property offers an outstanding combination of location, parking & possibility. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.60M
Down payment30% · $780K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$173K

Annual cash flow

$29K

Cash-on-cash

3.66%

DSCR

1.20

Going-in cap

6.64%

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

104,114

Households

42,621

Median income

$71,500

Median age

39.9

Daytime population

165,063

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 20483 FRASER HIGHWAY, Langley.

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.