3950 Carey Rd

Saanich West, British Columbia, Canada



$2,228,333 Listing currency: $2,950,000.00 CAD
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MLS #: 369517 Home size: 23,618 ft2 / 2,194 m2

Property brokered by

Macdonald Realty Ltd.
(604) 263-1911
(877) 278-3888

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Presented By:
Robert Milloy
(250) 881-4737

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  • Property Details

    Offered for purchase is a 40,000 SF property zoned M-5 Food Processing Zone with a 23,618 SF two-storey building. The commercial tenancy is a successful bakery that has operated for more than 30 years and occupies the full main floor with a NNN lease of $11.00 per square foot. There is also a retail bakery/deli that has been recently refurbished and five apartments that are a non-conforming. The building is in excellent condition with a newer roof and new exterior paint. The building is fully sprinklered throughout. This rare investment holding property provides a current cap rate of 6% with a future cap rate of 8%. There is an accepted conditional offer. Contact Listing Salesperson for details.
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  • Additional Property Information

    This listing is located at 3950 Carey Rd, Saanich West, BC. The property is presently priced for $2,228,333.

    This property is listed by Robert Milloy of Macdonald Realty Ltd. located in British Columbia.