$5,400,000

#1161-1163, 8328 CAPSTAN Way, Richmond V6X2H6

3,858 Sq Ft Built 1998

Detached

Listed by: Unilife Realty Inc..

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Description

Exceptional Investment Opportunity: With a CAP rate over 5.5%, this prime corner unit in Richmond's bustling strip mall offers unbeatable street exposure and easy access to No. 3 and Garden City Road. Situated in a rapidly expanding neighborhood with thousands of condo units and a projected population of 16,000 upon development completion, it's just a 2-minute walk from the newly operational Capstan SkyTrain station. Perfect for a large restaurant, it boasts additional signage space and sees heavy foot traffic. New lease agreement starting in April. Act fast'contact us today and please respect tenant privacy (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Annual Taxes: $10,597

Property Details

Property Type	Detached
Sub Type	Retail
Living Area	3,858 sq ft
Year Built	1998
Listing ID	C8074525

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#1161-1163, 8328 CAPSTAN Way, Richmond
MLS® C8074525 · $5,400,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

Monthly payments use Canadian fixed-rate, semi-annual compounding. The term is the contract length; amortization is the repayment period. Renewal rates may change.

Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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