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$1,150,000

Prince George BC, V2L 3E6

MLS® # C8073039

Property Information:

Rarely will you find such a combination of location, quality renovation, and income potential at this price point. This fully renovated mixed-use building is ideally positioned at the corner of 3rd Avenue and Dominion Street in downtown Prince George. Completely updated in 2016/17, including electrical, mechanical, roof, windows, and interiors, with a new fire panel installed in 2022. The property is in excellent condition and offers stable income with long-term commercial tenants. Currently generating over $11,000/month in rental income with a cap rate exceeding 6%. Prince George continues to grow as a regional hub supported by a strong and diverse economy in healthcare, retail, manufacturing, construction, natural gas, mining, forestry, and education. A solid, turn-key investment ready to deliver consistent returns for years to come. (id:27)

Building Features:

  • Style: Multiplex
  • Floor Space: 9795 sqft
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Built in: 1948
  • Floor Space (approx): 9795 Square Feet
  • Utility Type: Cable - At Lot Line

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 1205 3RD AVENUE, Prince George, British Columbia, V2L 3E6

Demographic Information of 1205 3RD AVENUE, Prince George, British Columbia, V2L 3E6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Number of Children

1.22

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

44.03 %

High school certificate or equivalent

54.01 %

Apprenticeship trade certificate/diploma

1.14 %

College/non-university certificate

0.33 %

University Degree

0.49 %

Commuter

Travel To Work

By Car

98.86 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

1.14 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.98 %

Houses

34.02 %

Own Vs. Rent