Mixed-use Commercial & Residential Rental Property
An exceptional opportunity to invest in a high return property in one of Western Canada’s fastest growing towns with an outstanding location in the heart of the Downtown core. Newly built to a exacting quality exceeding regular construction standards the property consists of a ground floor commercial space with a new lease in place for a well know and popular coffee shop, and 2 beautiful live/work townhouses consisting of 2-3 bedrooms and sky decks offering spectacular views, both of which are currently operated as short term rentals and have experienced enormous popularity.
The total investment returns show a high cap rate with a turnkey operation with all necessary contractors in place to continue running the venture essentially ‘hands off’. Both units are fully furnished with high end materials and the marketing for the operation is fully in place and branded as Landed Lofts.
Prime Location | Downtown Squamish
Situated between Vancouver and the exceptionally popular all year-round resort town of Whistler, the demand for these units on short term rental sites such as AirBnB and VRBO have exceeded all expectations, both through the winter months as well as summer. Landed Lofts is exceptionally located in the heart of downtown Squamish and has easy access to Highway 99.
+ Logger’s lane/CN rail line to become future pedestrian and bike path to Oceanfront
+ Mamquam channel developments almost complete with new sea wall
+ New marina and houseboat community on Mamquam channel to start construction soon
+ Harbour Air Development permit in process – adding floatplane access to Mamquam Channel
+ Future pedestrian bridge connecting Waterfront Development to Victoria St. over Mamquam Channel
+ New development to South of Landed Lofts – high density, shopping & commercial
+ High-performance wall system; approx. double the R-value of code minimum requirements.
+ Swiss Siga membranes, ETEM European aluminum glazing, Mitsubishi high-efficiency heat pump A/C and heat, durable metal cladding
+ Roofdecks with 360-degree views
+ Long term lease in CRU
+ EV charging station in parking space
+ 2-5-10 HPO for upper units given they were permitted as residential.