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For Sale · Industrial

3 415 Dunedin St, Victoria

3 415 Dunedin St, Victoria, BC V8T5M3

$825,000 total

2,080 SF

Asset Class

Industrial

Size

2,080 SF

Building class

Zoning

IM — Medium Industrial

$ / SF

$397

Occupancy

89%

Clear height

32 ft

Loading docks

About this property

Suite 3 at 415 Dunedin Street offers a versatile light industrial opportunity in a very sought-after central Victoria location. The approximately 2,084 sqft. unit spans two levels, each with its own entrance, allowing for separate work areas or a combined operation. The open-concept ground floor features a two-piece washroom, kitchenette, and a 13' × 18' storage room with plumbing and ventilation. The upper level offers two bright workspaces, skylights, south-facing windows, a full kitchen and two washrooms. Installation of a roll-up bay door is possible, subject to required approvals. Near the Selkirk waterfront and Galloping Goose Trail, with convenient access to downtown Victoria, transit and major routes.This versatile property appeals to both owner-occupiers and investors, with the ability to occupy one level while leasing the other to offset ownership costs. Information package available. (id:66811)

Financial sandbox

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Estimate

Purchase price$825K

Down payment30% · $248K

Interest rate6.25%

Amortization25 years

Occupancy89%

Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$40K

Annual cash flow

$-5K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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	Suite	Area	Rent / SF	Expiry
Halcyon Wealth Partners	190	820 SF	$26.95	2033-10
Halcyon Wealth Partners	200	455 SF	$26.83	2033-10
Halcyon Wealth Partners	190	576 SF	$27.19	2033-10

Area demographics

Trade area within 3 miles of the property.

Population

51,423

Households

19,220

Median income

$133,500

Median age

35.6

Daytime population

52,766

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 3 415 Dunedin St, Victoria.

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.