My Listings

5517 WHARF Avenue
Sechelt District Sechelt V0N 3A2

$1,995,000
Multi-Family Commercial

Main Photo: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 1: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 2: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 3: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 4: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 5: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 6: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 7: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 8: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 9: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 10: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 11: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 12: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 13: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 14: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 15: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 16: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 17: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 18: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 19: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 20: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 21: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 22: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 23: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 24: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Photo 25: 5517 WHARF Avenue in Sechelt: Sechelt District Multi-Family Commercial for sale (Sunshine Coast)  : MLS®# C8036407
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8036407
Build. Type:
Mixed Use
Sunshine Coast Investment Opportunity!!! This fully leased, updated building in Downtown Sechelt contains two retail spaces and four, one bedroom apartments. 5% Plus Cap rate return on this centrally located building. All the work has been done including new exterior staining, updated roof, landscaping and residential apartments. All four apartments have been modernized and separately metered with individual hot water tanks. Coin operated laundry is on site. Three of the four apartments have private balconies and two have dishwashers. One has a large skylight for natural light. Never a residential vacancy in this building. Both commercial tenants are in long-term, multi-year leases. Centrally located on Wharf Avenue, part of the Sunshine Coast Highway, 5517 Wharf Avenue is walking distance to everything in Sechelt including St. Mary's, the main hospital on the Sunshine Coast. This well priced property would make a great addition to any investment portfolio!!
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Mixed Use
# Units:
6
Year built:
1956 (Age: 65)
Total Floor Area:
5,678 sq. ft.
Retail Size:
3,178 sq. ft.
Other Size:
2,500 sq. ft.
Land Use/Zoning:
C-2
Taxes:
$15,421.13 / 2020
HVAC:
Electric
Env Assmt Phase:
None
Cap Rate %:
5.2
Gross Income:
$139,050
Oper. Expenses:
$35,000
Net Operating Income:
$104,500
Original Price:
$1,995,000
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Listed by HOLYWELL PROPERTIES
Data was last updated March 2, 2021 at 03:10 AM (UTC)
Joe James
Cell: 604-865-0708
Office: 604-885-3460
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