$1,850,000

487 Burnside Rd
MLS® NO: 1044056

Description

This versatile, high-utility industrial building is presently demised into two separate rental units with their own ground-level entrances. It offers excellent flexibility for owner-operators or investors, featuring a mezzanine level, offices, a boardroom, and a spacious rear exterior shop/open storage yard complete with two powered sea cans. Total building area is approx. 7,820 sq ft, plus a 497 sq ft Quonset hut. The workshop boasts an impressive 17’6” clear height and a generous 10’ x 12’ exterior door. The property is currently leased on a month-to-month basis. Buyers can provide six months’ notice (from final subject removal) for vacant possession, or renegotiate leases to maintain steady income. Located in a rapidly redeveloping area with strong future growth potential. Do not approach existing tenants. All measurements are approximate — please verify independently. Buyers should conduct their own due diligence regarding use and expansion possibilities with the municipality.

General

Property Type:Industrial
Taxes:$47,085
Tax Year:2026

Site Influences

Lot SqFt: 13,348
Acres: 0.30
Water: Municipal
Waste: Sewer Connected

Property Details

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This is only a guide. Please verify this information with your mortgage specialist.
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Listed with:

Andrew RobertsColdwell Banker Oceanside Real Estate

John MorrisColdwell Banker Oceanside Real Estate
Phone: 250-710-0765

Charles MorrisColdwell Banker Oceanside Real Estate
Phone: 250-710-8440

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.