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Leahann Nordin

leahann@nordinhomes.ca +1(604) 880-8499

Listed by Kane Ryan Pemberton Holmes Ltd.

$ 2,400,000

Est. payment -/mo

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2061 Malaview Ave ##1, 2, 5 Sidney, BC V8L 5X6

10,685 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 10,685 sqft

Price per Sqft $224

MLS Listing ID 1053442

HOA Y/N No

Year Built 1988

Annual Tax Amount $21,855

Tax Year 2026

Property Sub-Type Industrial

Property Description

An excellent opportunity to acquire 3 fully leased industrial strata units offering a 5.7% cap rate and significant rental upside. The offering also includes a 2-bed residential unit. Representing half of the six-unit complex and a 66% interest in the overall property, these well-maintained units comprise approx. 10,685 sqft. of combined interior space and 30 designated parking stalls. All 3 strata units are occupied by long-term tenants at below-market rental rates, providing an opportunity for income growth upon renewal. The strata complex sits on nearly 30,000 sq. ft. of land with convenient access to BC Ferries, the Airport, Sidney and Victoria. Access from both Malaview Ave and a rear laneway supports efficient circulation and loading. Each industrial unit features grade-level bay doors,12 or 14 feet and full-height mezzanines, accommodating a wide range of businesses under the M1 zoning. An attractive investment with established tenancy, a residential component and future upside.

Location

Province BC

County Capital Regional District

Community Si Sidney South-West

Area Sidney

Interior

Fireplace No

Exterior

Parking Features On Site

Garage Spaces 30.0

View Y/N No

Total Parking Spaces 30

Garage No

Others

Ownership Freehold/Strata

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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About Leahann

Two decades of design.
One city she never
stopped calling home.

Leahann Nordin Real Estate Agent · Real Broker B.C. Ltd. · VREB

Victoria-raised and design-educated, Leahann spent two decades working across Vancouver and the Okanagan in luxury residential design, multi-family development, and large-scale renovation before returning home. She brings a designer's eye and a project manager's discipline to every transaction — so nothing falls through the cracks and nothing feels rushed.

Read Her Story

Client Reviews

What people say about Leahann.

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We have known Leahann as a professional in the real estate business for more than 20 years. She has given us her assistance in buying, selling, and staging our homes. Your skills and work ethic deserve all the success in the world.

Jeannette S. · Victoria, B.C.

Leahann is a great interior designer whose skills have translated into a fantastic real estate professional. You could not find a more helpful and idea-filled agent if you tried.

Stephen S. · Victoria, B.C.