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9839 FIFTH SIDNEY
Sidney North-West neighbourhood of Sidney British Columbia Canada V8L 2X4
MLS Number: 425929
Square Footage: 3687 Sq Ft
Property Type: Residential
Attractive mixed use property on high profile corner in midst of commercial core of Sidney. Strong retail tenant (Monk Office) on main floor has occupied the space for 12 years and there is a new 7-year lease in place (with demo clause). Three stable long term residential tenants occupy the two spacious and well appointed 2-bedroom suites and 1-bedroom suite on the second floor. Residential suites are separately metered and rented below market. Generous on-site parking. This property offers a low maintenance investment with reliable cash flow and upside revenue growth. Existing zoning and OCP support re-development to 4-storey condo or apartment project.