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Home BC Lake Cowichan
199 Kenvir Rd
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199 Kenvir Rd $1,100,000
5 days ago
$1,100,000
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199 Kenvir Rd
Lake Cowichan, British Columbia V0R2G0

MLS® Number: 1021704

Listing Description

Exceptional opportunity to acquire the land and building of a long-term, successful auto repair and tire shop. This offering features a stabilized capitalization rate of 6.20% (based on a tenant paying $18 per sq ft NNN for the building and $1 per sq ft NNN for approx. 10,000 sq ft of exterior storage area). A prospective buyer can continue the current use, but the building also has potential for other uses under permitted zoning (C1 General Commercial Zone). The seller is willing to include equipment and inventory for additional consideration. Lake Cowichan is a thriving lakeside community with easy access to Duncan and S. Vancouver Island. Phase 1 & 2 reports available as of August 29, 2025. Recent upgrades include a new heat pump and improvements to both the exterior and interior. DO NOT APPROACH OWNER OR STAFF REGARDING THIS LISTING. Buyer to rely on their own due diligence regarding value. The owner appreciates the community's decades of support and looks forward to retirement. (30199832)

Property Summary

Property Type
Industrial
Neighbourhood Name
Lake Cowichan
Title
Freehold
Land Size
0.5 ac
Annual Property Taxes
$12,139.98
Time on REALTOR.ca
5 days

Building

Building Features
Features
Central location, Level lot, Corner Site, Partially cleared, Other
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Heat Pump, (Other)
Business
Sign Type
Directory Board

Measurements

Exterior Building Size
3478 sqft

Land

Other Property Information
Access
Road access
Zoning Description
C1(General Commercial)
Zoning Type
Unknown
Data provided by: Victoria Real Estate Board
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John Morris