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John Cooper

john@johncooper.ca +1(250) 619-9207

$ 1,100,000

Est. payment -/mo

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Active

199 Kenvir Rd Lake Cowichan, BC V0R 2G0

0.5 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1021704

Rental Info Unrestricted

Annual Tax Amount $12,139

Tax Year 2025

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Industrial

Property Description

Exceptional opportunity to acquire the land and building of a long-term, successful auto repair and tire shop. This offering features a stabilized capitalization rate of 6.20% (based on a tenant paying $18 per sq ft NNN for the building and $1 per sq ft NNN for approx. 10,000 sq ft of exterior storage area). A prospective buyer can continue the current use, but the building also has potential for other uses under permitted zoning (C1 General Commercial Zone). The seller is willing to include equipment and inventory for additional consideration. Lake Cowichan is a thriving lakeside community with easy access to Duncan and S. Vancouver Island. Phase 1 & 2 reports available as of August 29, 2025. Recent upgrades include a new heat pump and improvements to both the exterior and interior. DO NOT APPROACH OWNER OR STAFF REGARDING THIS LISTING. Buyer to rely on their own due diligence regarding value. The owner appreciates the community's decades of support and looks forward to retirement.

Location

Province BC

County Cowichan Valley Regional District

Area Du Lake Cowichan

Zoning C1(General Commercial)

Interior

Heating Heat Pump, Mixed

Cooling HVAC

Flooring Mixed

Inclusions See Remarks

Exterior

Exterior Feature Display Window, Lighting, Low Maintenance Yard, Sign: Allowed, Sign: Dir Brd, Sign: Lighted, Storefront

Parking On Site 1

Building

Lot Description Central Location, Cleared, Corner, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Recreation Nearby, Serviced, Shopping Nearby

Foundation Slab

Sewer Sewer Connected

Water Municipal

Structure Type Block

Others

Tax ID 004-791-207

Ownership Freehold

Virtual Tour https://buildout.com/website/1585976-sale

Listed by Coldwell Banker Oceanside Real Estate

John Cooper

Agent | License ID: 1184085

+1(250) 619-9207

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