FOR SALE
Water Front Commercial/Residential Property

ASKING PRICE
3,500,000.00 Canadian Dollars

LOT SIZE BUILDING SIZE PROPERTY TAXES
3,972 sq. ft. 2,000 sq. ft. on each level $18,369.62

FEATURES
Waterfront
Ocean View
Income Producing
Redevelopment

LOCATION
This well maintained building is situated on Marine Dr. in sunny White Rock, BC, a highly sought after area. The "Drive" consists of high-end shops, restaurants and condominiums offering the best in luxury living. Only 45km from Vancouver and 5 minute drive from the US border.

DESCRIPTION
The 2 Story building’s 1st level is concrete and the 2nd level is wood with vinyl siding. The property has an ocean view and only steps to the beach. A successful high-end restaurant is on the ground level and 4 suites are on the upper level.

The restaurant is on a long term lease and the suites, which have unobstructed ocean view, are continually rented, providing the buyer with lucrative ongoing income. The suites come with individual parking at the rear of the building. PLEASE DO NOT DISTURB THE TENANTS.

PROPERTY
Zoned CR2, the property has been identified for re development with excellent potential for a 4 Story building. There is approximately 2,000 sq. ft. of the lot that has not been built on.

AREA
White Rock is a beautiful seaside city of 18,250. With 8 kilometres of sandy beach on Semiahmoo Bay and a moderate climate, White Rock is a very sought after place to live, work and play. This is truly a jewel in BC's crown.

Property values are steadily increasing (7.5% in 2007) due to White Rock’s attractive setting and amenities, with ocean view condominiums commanding high prices due to supply and demand.

Interested investors only please email xenaclone@shaw.ca for more information.