3124 Main Street - Valuation of $13m @ 3% cap, Pursuing rezoning to a six story rental apartment. Cost of roughly $3m for 20 suites and the pub, Producing an NOI of $388k.Key location on Main Street – 2017’s hottest market in Western Canada.
Well built three story, six suite Residential & Commercial strata building near the corner of 16th and Main. Building Features: in floor radiant heating, gas fireplaces, in-suite laundry & concrete block exterior finish. Suite breakdown is as follows: 5 residential strata suites consisting of 2-2 bedrooms, 2-1 bedrooms, 1 bachelor + 1 commercial strata 1800 sf Restaurant. Lot size 43’ x 70’ (3,301 s/f) Net building area (not incl. common property) is 4,975 s/f. Building also comes with secure underground parking lot, 7 stalls - 5 for residential & 2 for commercial and is self managed (family run business).