JULY Realty

For Sale · Richmond · Retail

$399,000

1355 8260 WESTMINSTER HIGHWAY, Richmond

359

Sq Ft

1994

Built

About This Home

The details.

Property for Sale! Net rent income 2000/month! A rare opportunity to achieve a 6% return on investment! Located on the ground floor of Richmond Public Market, currently operating a frozen beef and lamb business. The corner location offers more display space and significant growth potential. The seller, Frozen meat business, Guaranteed leaseback with a guaranteed more than 5 year lease (negotiable) with high gross net rent $2000 + GST (Tenant pay Property fees). Rental returns around 6% are higher than typical apartments, allowing you to start collecting stable rent immediately. Please contact agent with private viewing agent. Showing by appointment only. Do not disturb staff. (id:66635)

Summarizing the highlights...

MLS® C8078449Listing courtesy of LeHomes Realty PremierSee all units in this building View on map

Property Details

Facts & features.

Property type: Retail
Year built: 1994
Size: 359 sqft
Strata fee: $600 / monthly
MLS number: C8078449
Data source: Greater Vancouver REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$1,866

$319,200 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$1,866

Cash flow

-$1,866

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Richmond right now

698

Active listings

736

New this week

$1,068,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Richmond.

Household and demographic stats for Richmond, from the Statistics Canada 2021 Census.

209,937
Population (2021): 43.6
Median age: 81,080
Households: 2.6
Avg household size: 71.3%
Home ownership: $79,000
Median household income

Richmond neighbourhood guide Full census profile Richmond market trends

Source: Statistics Canada 2021 Census, Richmond, City (CY).

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.