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120 Hereford Ave, Gulf Islands, BC – $1,400,000

  • $1.4M Price
  • 5,500 Sqft
  • .19 Acres
  • 126 DOM
  • $1.4M Price
  • 5,500 Sqft
  • .19 Acres
  • 126 DOM

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120 Hereford Ave

5500 square feet of Commercial 1 zoned space. Two-storey commercial/retail building in downtown Ganges, Salt Spring Island. Approximately 3600 sf on main floor and 1950 sf on second level. Six off street parking stalls on Hereford Avenue. The building has prime retail frontage on Hereford, a primary on-way connector road. A walkway on the east side of the building connects the schools and business on Rainbow Road to the centre of town. Neighbouring properties include the popular Cafe Talia to the west, Island Savings Credit Union to the south and dry cleaners to the east. C1 is the most flexible of the Commercial zones on the island, allowing most retail uses. The current lease (3 years with 2 - 5 year renewal options) on the building returns a 5.5% cap rate.

Essential Information

  • MLS® #401888
  • Price$1,400,000
  • Square Footage5,500
  • Acres0.19
  • TypeCommercial
  • Sub-TypeRetail
  • StyleMixed Use
  • StatusCurrent
  • Taxes$12,981
  • Tax Year2017

Community Information

  • Address120 Hereford Ave
  • SubdivisionGI Salt Spring
  • CityGulf Islands
  • ProvinceBC
  • Postal CodeV8K 2T3

Amenities

  • Parking Spaces6

Interior

  • HeatingElec Baseboard

Exterior

  • ExteriorWood Siding
  • Exterior FeaturesParking
  • Lot DescriptionView: City
  • ConstructionConcrete

Additional Information

  • Listing OfficePemberton Holmes - Salt Spring
  • Date ListedNovember 21st, 2018
  • Days on Market126
  • ZoningCommercial
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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.