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- $2.8M Price
- 6,487 Sqft
- .16 Acres
- 60 DOM
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142 Morison Ave
– $2,750,000
This listing is for the sale of shares of 2 corporations. The first one being the Tower Brae Holdings Ltd. which operates as Parksville Home Hardware, Parksville, B.C. This is a well established Home Hardware franchise with a proven record of profits over many years. It is located in the heart of downtown Parksville with excellent traffic flow and is a destination business with many regular customers. Tower Brae Holdings Ltd. is offered for sale at $350,000 which includes $350,000 in inventory. The purchase price would be adjusted to reflect actual inventory at the takeover date. The second corporation is Ormiston Holdings Ltd, which owns the land and buildings, consisting of 142 Morison Ave with 6,997 sq ft of retail space, valued at $2.150M and a warehouse at Unit 7-1147 Franklin's Gull Rd in the Parksville Industrial Park with approx. 1300 sq ft of storage space, valued at $250,000 and reflects a combined cap rate of 5.71 %
Essential Information
- MLS® #1029366
- Price$2,750,000
- Square Footage6,487
- Acres0.16
- Year Built1952
- TypeCommercial Sale
- Sub-TypeRetail
- StatusActive
- Taxes$25,270
- Tax Year2023
Community Information
- Address142 Morison Ave
- AreaPQ Parksville
- CityParksville
- CountyParksville, City of
- ProvinceBC
- Postal CodeV9P 0B1
Additional Information
- Date ListedMarch 19th, 2026
- Days on Market60
- ZoningC3.2 & l-1
Listing Office
Royal LePage Coast Capital Realty
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.