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Apartment Building For Sale at REEF in Sechelt, British Columbia

4 Sale ID #401626
Archived 04 Jul 2025

Asking Price

$2,200,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

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Building Size

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Premise Summary

Developer alert! 3.14 Acres of gently sloping land located close to town center, 4th reading passed, rezone and OCP adoption has been done, ready for DP. 49 Units townhouses can be developed. There is currently an older home on the property whhich is rented now. Motivated seller, great opportunity, Action now! (id:39198)

  • MLS® : #C8068013
  • Date Listed : 01 Apr 2025

Location

Province

British Columbia

City

Sechelt

Address

Reef

Postal Code

V7Z0L7

Location Highlights

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Listed by

Royal Pacific Realty Corp. British Columbia listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

2,140

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$2,200,000

Asking Price

$2,200,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

2,140

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A

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