199 Kenvir Rd, Lake Cowichan, BC V0R 2G0
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199 Kenvir Rd, Lake Cowichan, BC V0R 2G0
199 Kenvir Rd, Lake Cowichan, BC V0R 2G0
199 Kenvir Rd, Lake Cowichan, BC V0R 2G0
199 Kenvir Rd, Lake Cowichan, BC V0R 2G0
Listing by John Morris Coldwell Banker Oceanside Real Estate
Bought with Gillian Lowe eXp Realty (DU)

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Est. payment /mo

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Est.Price: ?

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199 Kenvir Rd Lake Cowichan, BC V0R 2G0

3,478 SqFt

Key Details

Sold Price -

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 3,478 sqft

MLS Listing ID 1021704

Sold Date -

HOA Y/N No

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

Community Du Lake Cowichan

Area Duncan

Zoning C1(General Commercial)

Direction Corner of Neva and Lake Cowichan Rd

Interior

Heating Heat Pump, Mixed

Cooling HVAC

Flooring Mixed

Fireplace No

Exterior

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

Parking Features On Site

View Y/N false

Street Surface Paved

Garage No

Building

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

Foundation Slab

Sewer Sewer Connected

Water Municipal

Others

Ownership Freehold

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John Cooper

John Cooper

+1(250) 619-9207

Our team is ready to help you sell your home for the highest possible price ASAP

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

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