This approximately 4000 sq. foot, dual use building is located on the edge of downtown, near Fort & Cook Streets. (Click here for location map.) It is ideal for an owner occupier, but perfectly suitable for leasing either part, or both.

The (approx. 1000 sq. ft.) top floor apartment is thoroughly modernized and in excellent condition with a large living/dining room, two bedrooms and one bath. Also available to the suite occupiers is the main floor laundry room and ~700 sq. feet of storage space in basement.

The Commercial portion is about 2,200 sq. feet, presently used as a hair and aesthetics school, but readily modified to almost any use. Several partitions that divide numerous small rooms are can be easily removed, as they are only ceiling high and not structural.

The ~1000 sq. ft. storefront features 40' of frontage and an excellent office. There is also ~1000 sq. ft on the upper main floor and ~200 sq. ft on the lower main.

It would also be fairly easy to convert the upper main floor to a second residence (which it was, years ago) and reduce the commercial portion to about 1200 sq. feet.

Alternatively, the residential and commercial parts are easily made into one, with the removal of one small partition.

There is private parking for up to 8 cars in the back lot. There is a bus stop within 80' of the door and good walk-by traffic.

The $639,900 asking price yields a better than 7.25% cash return and just over 10.5% return when you allow for appreciation (based on a 22 year average).

The commercial portion will be available October 1, 2004 at just $2,465/mo. Triple net.

That's just under $12 per foot & includes one parking spot in the lot at the rear.

Additional parking is available.

For leasing enquiries, call David Young at 250-383-8816.