1/4585 England Ave, Courtenay
585 England Ave, Courtenay, BC V9N2N2
$3.6M total
5,885 SF
Asset Class
Retail
Size
5,885 SF
Building class
A
Zoning
CB1 — Low Intensity Business
$ / SF
$612
Occupancy
98%
Year Built
1956
Lot Size
0.18999081726354453 ac
About this property
NET/NET/NET AAA BMO BANK TENANTED INVESTMENT OPPORTUNITY. The property consists of a well-maintained 5,885-square-foot single-storey commercial building situated on an approximately 8,277-square-foot (0.19-acre) corner site. Originally constructed in 1956 and extensively renovated in 1993 and 2005, the building has been purpose-built and occupied as a financial institution. Its strategic corner position provides approximately 172 feet of combined frontage, including approximately 52 feet along England Avenue and 120 feet along 6th Street, creating exceptional exposure to both vehicular and pedestrian traffic. The property is further enhanced by adjacent accessibility from surrounding commercial districts. The building is fully occupied by Bank of Montreal (BMO) under a carefree, fully net lease structure, providing ownership with minimal management responsibilities and predictable income (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$17K
Projected NOI
$202K
Annual cash flow
$3K
Cash-on-cash
0.25%
DSCR
1.01
Going-in cap
5.62%
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 | Area | Expiry |
|---|---|---|
| Cascade Foods Inc. | 5,767 SF | 2028-07 |
Area demographics
Trade area within 3 miles of the property.
Population
56,989
Households
21,940
Median income
$103,000
Median age
32.9
Daytime population
83,304
5-yr growth
5.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 585 England Ave, Courtenay.
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.