Skip to content

4605 LAZELLE AVENUE, Terrace | $2,980,000

Exceptional downtown investment opportunity! This C1-zoned mixed-use building offers outstanding exposure in a prime central location. The two-storey building with basement features approximately 12,900 sq ft of ground-floor commercial plaza space occupied by 9 tenants, plus 9,000 sq ft of basement storage and service areas. The 9,000 sq ft second floor offers 12 residential units, including 10 bachelor suites and 2 one-bedroom units. Fully occupied, this property provides a diverse income stream from both commercial and residential tenancies. A rare opportunity to own a substantial, income-producing asset in the heart of downtown! 7.3% cap rate.

Description

Exceptional downtown investment opportunity! This C1-zoned mixed-use building offers outstanding exposure in a prime central location. The two-storey building with basement features approximately 12,900 sq ft of ground-floor commercial plaza space occupied by 9 tenants, plus 9,000 sq ft of basement storage and service areas. The 9,000 sq ft second floor offers 12 residential units, including 10 bachelor suites and 2 one-bedroom units. Fully occupied, this property provides a diverse income stream from both commercial and residential tenancies. A rare opportunity to own a substantial, income-producing asset in the heart of downtown! 7.3% cap rate.

General Info


MLS Listing ID: C8082900 Bedrooms: 0 Bathrooms: 0 Year Built: 1960
Parking: N/A Heating: N/A Lotsize: 0.48 ac Air Conditioning : N/A

MAP View


Street View


Get More Info



Mortgage Calculator




Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .