For Sale

Mavis Court

23343 Mavis Avenue, Fort Langley

Commercial Property
8 strata-titled retail units

$4,390,000

Overview

This offering consists of 8 retail strata-titled units located in quaint and historic Fort Langley. Built in 2004 and extraordinarily well maintained, the property exudes the old-word charm that characterized the trading post era of the 1830s. The 8 strata units total 5,956 SF of retail space and feature 7 tenants and 13 parking stalls. This is truly a turnkey property with a genuine pride of ownership.

There is also the option to buy a beautiful three-bedroom corner strata residential unit on the top floor totalling an impressive 2,258 SF. Truly one of a kind, the meticulously maintained suite has all the trappings of a modern luxury suite. Expansive rooms, high ceilings, and lots of natural light, this unit feels like you are in a large home! Includes an additional large 2-car garage. Contact agent for pricing.

Location

Mavis Court in located in charming Fort Langley that offers a quaint, historic village experience close to transit, restaurants, medical clinics, boutique shopping, art galleries, Belmont Golf Course, parks and the famous Fort Langley National Historic Site—a former fur trade post of the Hudson’s Bay Company. Situated on Mavis Avenue and Church Street, there is direct access to major transportation routes including Glover Road, allowing an easy commute to surrounding destinations. 

Film & TV work

We’ve all heard Vancouver referred to as “Hollywood North”, but many movies and television shows have chosen Fort Langley as their set location due to its old-time, small town look and feel.

Fort Langley (and the subject property) has been featured in numerous film and television productions over years such as The Vampire Diaries (American supernatural drama television series), Bates Motel (a contemporary prequel to Psycho), Cedar Cove (Hallmark drama), Riverdale (Archie Comics-inspired teen drama), Supernatural (fantasy horror series), Once Upon A Time (fantasy drama series), Air Bud (popular movie series featuring a sports-playing Golden Retriever), I’ll Be Home For Christmas (Christmas family comedy),  to name a few. This provides additional revenue from time to time for the ownership—a nice bonus!

Summary

Price$4,390,000
Property TypeStrata-titled retails
Units8
Gross Leasable Area5,956 SF
Price/SF$737/SF
Cap Rate3.6%
Year Built2004
ZoningC-2 MIN 930M – Commercial

Suite Mix

 No. Units
Retail strata unitsNo. Units8

Financials

FinancingTreat as clear title.
Taxes
$29,850
Income and Expenses
Net Operating Income
Net Operating Income$158,220
NotesFor an income and expense statement please contact Sam Emam at 604 420 4205.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.

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