199 Kenvir Rd, Lake Cowichan, BC, V0R 2G0

$1,100,000

MLS® # 1021704

Commercial For Sale In Lake Cowichan, British Columbia

$1,100,000

Property Information:

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.

Inclusions: See Remarks

Exclusions : See Remarks

Property Features:

  • Annual Tax Amount: $12,139
  • Construction Materials: Block
  • Cooling: HVAC
  • Exclusions: See Remarks
  • Exterior Features: Display Window, Lighting, Low Maintenance Yard, Sign: Allowed, Sign: Dir Brd, Sign: Lighted, Storefront
  • Floor Space (approx): 3478 Square Feet
  • Flooring: Mixed
  • Foundation Details: Slab
  • Heating: Heat Pump, Mixed
  • Inclusions: See Remarks
  • Lot Features: Central Location, Cleared, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Recreation Nearby, Serviced, Shopping Nearby
  • Lot Frontage: 21829 Square Feet
  • Lot Size: 0.50 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Industrial
  • Road Surface Type: Paved
  • Water Source: Municipal
  • Zoning: C1(General Commercial)
  • Sewer:

Courtesy of: Coldwell Banker Oceanside Real Estate, Sutton Group-West Coast Realty (Dunc)

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.

Additional Photos