Description

Built in 1912 as the Connaught Seamena??s Institute, this heritage-designated mixed-use building offers an investment opportunity in Victoriaa??s sought-after James Bay neighbourhood. Steps from Fishermana??s Wharf and within walking distance of the Inner Harbour and downtown, 106 Superior St combines historic character, diversified rental income and potential for owner occupancy. The approx. 8,507 sq. ft. building includes two commercial units (under commercial leases) and two residential suites. A great local restaurant tenant has anchored the building since 2014 and features an exceptional garden patio, while Studio 106 offers bright gallery/retail space with prominent frontage and a street-front patio. Residential accommodation includes a spacious three-bedroom apartment with a 540 sq. ft. rooftop patio and a large lower-level studio suite. Set on an approx. 7,962 sq. ft. lot with on-site parking, the property benefits from scheduled commercial rent increases and numerous recent upgrades. *The restaurant is not for sale as part of the property sale.