Income Property with Approved Development Squamish, BC

• Established Income Property in sought after Squamish Neighbourhood
• Over 22,000 Square Feet of Approved Buildable area for 25 rental units and one CRU
• 4% Cap and $65 per BSF on Asking Price
• $117,000 in Existing Net Income
• Development Permit in Place
• Upside on Current Rental Rates

A landmark in Squamish, the Brackendale General Store and Café has served the Brackendale community, in one form or another, for over 100 years. Today the 77,000 +/- square foot property houses a very popular general store, the Crabapple café, Canada Post office, a large 4 bedroom suites, and several smaller office units.

The current owner has spent considerable effort to have the property approved for the development of two additional buildings on site that will provide for 22,000 square feet of buildable area demised into 25 rental residential units and 1 Commercial Rental Unit. Squamish has an exceedingly low residential vacancy rate making this a prime, relatively shovel ready development site.

Situated on Government Road and easily accessible to Highway 99, the Brackendale General Store provides excellent revenue and is one of only a few commercial amenities located in the Brackendale community. Government Road is a north south arterial that connects downtown Squamish north to Brackendale without having to access Highway 99. Squamish is a rapidly growing community on the Sea to Sky Highway.