$749,900 Sale

Listed 3 days ago

508 Coverdale

MLS® nb149482 Other

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 3600

Est. mortgage

$2,845/mo

Key Facts

Key facts for 508 Coverdale

Property Type

Other

Parking

Garage: No, 0 parking

MLS #

NB149482

Size

3600 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

TURN-KEY COMMERCIAL INVESTMENT | PRIME LOCATION | 3 ELECTRICAL METERS | MULTIPLE INCOME STREAMS. Great investment opportunities are hard to find this one is worth a closer look! Located on busy Coverdale Road in the heart of Riverview, this exceptional property offers excellent visibility and conve...nient access, next to a gas station, TD Bank, apartment buildings, and the Town of Riverview, and just minutes from the Honourable Brenda Robertson Bridge. The ground floor features two restaurant businesses: a pizza restaurant and an eat-in/take-out restaurant, with potential for a drive-through at one location, subject to municipal approval. With three separate electrical meters, utility management and tenant billing are made easier. One long-term commercial tenant covers major expenses, including property taxes, insurance, and utilities, helping reduce the owner's operating costs. Upstairs, a spacious 3-bedroom apartment with two separate entrances is currently rented for $1,750/month, providing additional rental income. The high-ceiling basement is currently used for storage, offering room to explore future possibilities, subject to applicable approvals. With established commercial tenancy, residential rental income, and a prime location surrounded by businesses and residential developments, this property offers an attractive opportunity for investors looking to expand their portfolios. Interested in the numbers? Contact me today to request the rent roll and income and expense statement, call your favorite REALTOR® and book your private showing to explore this investment opportunity firsthand! (id:10452)

Full Property Details

Interior

Bedrooms

Washrooms

0.0

Square Footage

3600 sqft

Heating Source

Electric

Heating Type

Baseboard heaters, Heat Pump

Air Conditioning

Heat Pump

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

0.0

Square Footage

3600 sqft

Heating Source

Electric

Heating Type

Baseboard heaters, Heat Pump

Air Conditioning

Heat Pump

Full Bathrooms

Half Bathrooms

Exterior

Acreage

1147 m2

Parking Spaces

Garage Spaces Y/N

Acreage

1147 m2

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Other

Subtype

Other

Home Type

Other

Subtype

Other

Community

Mount Royal West

Area Code

Riverview

Community

Mount Royal West

Area Code

Riverview

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NB Home Team

Email: [email protected] Cell: 506-333-7596