5014 47 Street $980,000

100% fully leased investment property: a solidly built, recent vintage (1990-91) well maintained office building with a long term lease (sole tenant) in place on the fringe of the downtown central commercial district.

The building is of 2 storey wood frame construction with a fully developed, partial basement, 5190 sf in total (4800 sf rentable). The building plan is quite flexible as it was once mixed use with 2 apartments on the second floor. The apartments have since been converted to offices by the current tenant. The premises are heated by hydronic radiation, with an oil fired boiler, has central air on the main floor and is sprinkled over all three levels.

There are 17 workspaces in 10 offices, 2 large meeting rooms, 2 kitchens, one per floor, and a total of 4 washrooms. The lot is 50X100 with a rear alley and has 6 parking stalls, 4 of which are energized.

The lease income yields a high ROI; lease details will be made available to qualified prospective buyers after an NDA is signed.

Details

  • Address
    5014 47 Street
  • Location
    Yellowknife
  • Price
    $980,000
  • Year Built
    1990-91
  • Taxes
    $17,404
  • Building Area
    4,070 Sq. Ft.
  • Lot Size
    5,000 Sq. Ft.
  • Parking
    6 Stalls

Lot & Floor Plans

Location

Mortgage Calculator

Rate: 2.54%

5% Down

10% Down

15% Down

20% Down

25% Down

Down Payment

$49,000

$98,000

$147,000

$196,000

$245,000

10 Years

$8,788

$8,325

$7,863

$7,400

$6,938

15 Years

$6,219

$5,892

$5,565

$5,237

$4,910

20 Years

$4,945

$4,685

$4,425

$4,165

$3,904

25 Years

$4,189

$3,969

$3,748

$3,528

$3,307

MONTHLY PAYMENTS ARE BASED ON A FIVE (5) YEAR TERM AT A RATE OF 2.54%. CMHC FEES NOT INCLUDED.