2248 Elgin Ave - Office/Residential FOR SALE


Port Coquitlam, BC V3C 2B2
$5,500,000 CAD
604-415-9800
2248 Elgin Ave, Port Coquitlam, BC for Sale
$5,500,000 CAD
Office/Residential - FOR SALE
1/4
null | 2.9% Cap Rate

2248 Elgin Ave
Port Coquitlam, BC V3C 2B2


HIGHLIGHTS

  • Fully leased mixed-use property with retail, office, and residential components.
  • Located in downtown Port Coquitlam with strong connectivity to major routes.
  • Gated underground parking and additional storage for tenant convenience.
  • Concrete construction with full sprinkler system for safety and durability.
  • Stable income profile with $240,000 gross and $160,000 net annual income.

OVERVIEW

This mixed-use investment property at 2248 Elgin Avenue offers a rare opportunity to acquire a fully leased, income-generating asset in the heart of downtown Port Coquitlam. Designed by a German builder, the concrete structure comprises 11 units, including two ground-floor retail spaces, five office suites, and four residential apartments. The property is currently 100% occupied, providing stable cash flow with a reported gross income of $240,000 and net income of $160,000 annually. The building spans approximately 22,000 square feet and sits on an 8,448-square-foot lot, featuring gated underground parking with storage and a full sprinkler system for enhanced safety. Its central location ensures strong tenant demand, with proximity to major transportation routes, local businesses, and community amenities. This asset offers investors a low-maintenance, diversified income stream in a growing Metro Vancouver submarket, making it an attractive long-term hold.

FOR SALE DETAILS

PRICE

$5,500,000 CAD

PRICE/SF

$250 CAD /SF

CAP RATE

2.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elgin House

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C-3

APN/PARCEL ID

CUSTOM-3827617

ASK ABOUT THIS PROPERTY

Charles NamSutton Group-West Coast RealtyMore Info
604-415-9800

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Charles NamSutton Group-West Coast RealtyMore Info
604-415-9800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.