Rare Opportunity: Prime Commercial & Residential Property in Kam Lake!

Don’t miss this exceptional opportunity to own a highly visible and desirable corner lot with convenient highway access in Kam Lake! This 37,461 sq. ft. property offers immense potential, featuring a spacious industrial shop and a well-maintained 4 bedroom, 2 bathroom home — all on the same lot.

Commercial Building:
Designed for functionality, the approximately 5,700 sq. ft. industrial shop is divided into a 30’ x 40’ bay and a 30’ x 60’ bay, with additional office and retail space. Key features include:
· Three overhead doors (two of them being 16’ and 14’ height) to accommodate large vehicles
· Main-floor reception area and office space
· Upper-level mezzanine with additional office space, a washroom, and a large boardroom/staff area
· 1,200 sq. ft. retail addition (built in 2019) with separate entrances, providing endless possibilities
· Secure concrete foundation, PVC windows, and in-floor heating throughout
· Three-phase power and a 1,200-gallon water storage tank

Residential Property:
With approximately 2,100 sq. ft., the residence can serve as your future home, an on-site staff house, or even additional office space. The 4-bedroom, 2-bath home features:
· Two decks—one at the front and a larger one on the side
· Spacious entryway with ample closet and storage space—perfect for northern winters
· Bright and inviting living room
· Large kitchen with built-in cabinets and island
· Well-lit dining area with multiple PVC windows
· Additional family room conveniently positioned near two recently added bedrooms (2023)
· Primary suite with a walk-in closet and ensuite bathroom
· Home Upgrades: Roof (2023), Hot Water Tank (2023), Fuel Tank (2020), Washer and Dryer (2025)

With industrial land in high demand and low vacancy rates, this is a rare gem that won’t stay on the market for long! Call or text Shane at (867) 446-1622 to book your showing today!

Price Includes: Fridge, Stove, Dishwasher, Microwave, Window Coverings, and Storage Shed.

Note: Some of the photos were taken in 2025

MULTIPURPOSE COMMERCIAL PROPERTY

• Approved Use Storage Facility, Accessory Residential Dwelling and Workers Accommodation.
• Zoned: KL
• Legal Description: Lot 26, Block 530, Plan 1255
• Land: 20,192 Sq. Ft. (94 ft. x 216 ft.)
• Taxes: $12,104.54 est 2026
• Utility Costs: Heat – $8,534.54 Power – $9000 Est Water & Sewer – $8,065

A & B – OFFICE/CARETAKER BUILDING

Upper-level spacious self contained 1 bedroom caretakers residence 1008 sq. ft. 1008 sq. ft. main floor mechanical room, and office, easily convertible into a in-house secondary suite/office. Built in 1985 with renovations in 2014/2023-2026. The building is wood construction on a concrete perimeter foundation with newer concrete slab flooring in basement. New asphalt Shingles on roof. New Exterior siding is Metal. Two washrooms – upper and lower floors.

C – WORKERS ACCOMMODATION

2395 sq. ft. on upper floor. – 11 bedrooms, 2 full washrooms + 1 1/2 washroom, huge kitchen area, fully furnished. 1943 sq. ft. in main floor (unheated) storage. Built in 1979 with renovations in 2014/2023-2026. Wood frame construction. Steel Pile Foundation. New asphalt Shingles on roof. Exterior siding is metal with wood skirting. New Propane-fired NTI boiler.

Recent upgrades featuring ( but not limited to )

• New shingles, soffits, fascia and venting on both buildings.
• New triple pane PVC windows and metal cladding on both buildings.
• Upgraded floor insulation at the camp.
• New exterior doors on a worker accommodation bldg.
• New decks/landings at both buildings.
• New propane boiler at caretakers residence/office and new oil boiler at the workers accommodation.  3 tanks with heaters on the office/caretakers accessory building, oil boiler with two oil tanks on the workers accommodation building.
• New water and sewer tanks at the residential accessory building.
• Upgraded to current code electrical system at the camp including a fire alarm panel. LED light fixtures.
• Camp interior: new wall mounted radiators as a part of new heating system, all distribution piping is PEX, drywall was replaced where required, new flooring, trims/baseboards, new solid core commercial grade interior doors, new furniture in every room, new kitchen c/w two new microwave/range hoods.
• Duplex has a combined in-floor and wall panels heating distribution system.
• All work has been inspected and permitted.

LOT FEATURES – Flat, good parking or room for storage, shop area & multi-vehicle parking.

All major appliances included & various storage units.

Fully leased industrial property with an excellent cap rate.

Located in the Kam Lake Industrial Park, Yellowknife’s premier industrial area, conveniently close to the city proper, its main truck route and the airport.

3 Coronation Drive is 8.16 acres in size. The primary building is 30,000 sf in size and consists of 9 100’ deep bays, several of which have 2nd floor offices or storage mezzanines. The tenants are either strong multinational corporations or the federal government. The building is very energy efficient and has lower than average operating costs. There is also a 10-bedroom worker’s accommodation and a number of smaller shops and storage buildings on site with plenty of space for further development.

This property can be purchased on its own or jointly with 1 Coronation which is available concurrently.