107 7th Ave | $1,699,000
Steve Herman Agent Photo
Steve Herman
Steve Herman
C. (250) 319-3322
P. (250) 374-1461
Phone Steve hermanonhomes.ca
ROYAL LEPAGE WESTWIN RLTY.
800 Seymour St.
Kamloops, BC
Canada V2C 2H5

Details

%
Years (35 year max)
Years



Address 107 7th Ave
AreaSouth West
Sub AreaLillooet
State/ProvinceBritish Columbia
CountryCanada
Price$1,699,000
Property TypeBuilding and Land
TitleFreehold
Lot Size0.35 Acres
Taxes $7,023
Tax Year2023
MLS® #174444

This commercial-residential mix building located in downtown Lillooet has been very well maintained and has had many upgrades in the past 15 years. The upper floor consists of 2 – 2-bedroom apartments and 7 - 1-bedroom apartments. The lower floor has a 1-bedroom apartment. Presently the Seller pays for the electrical, but every apartment does have its own hydro meter. Newer windows. 9 of 10 units are equipped with individual AC units and 9 of 10 apartments come fully furnished, including kitchen supplies. All units are presently rented on a month-to-month basis with great tenants. The lower floor is approximately 4500 sq ft. 2500 sq ft. approximately is presently leased out with the lease ending June 30th, 2024 with the option to renew upon agreement. Remaining space includes the Unit 10 Apartment (approx. 650 sq ft). The garage (approx. 1000 sq ft). New Fire Alarm suppression system to current code. This is a well-established income generating property. GST is applicable. Decent Cap Rate

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Data Source: Statistics Canada
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