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Elgin House 2248 Elgin Ave 22,000 SF 95% Leased Office Building Port Coquitlam, BC V3C 2B2 $4,018,324 USD ($182.65 USD/SF) 2.90% Cap Rate
Investment Highlights
- Fully leased mixed-use property with retail, office, and residential components.
- Gated underground parking and additional storage for tenant convenience.
- Stable income profile with $240,000 gross and $160,000 net annual income.
- Located in downtown Port Coquitlam with strong connectivity to major routes.
- Concrete construction with full sprinkler system for safety and durability.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
22,000 SF
Building Class
C
Year Built
1994
Price
$4,018,324 USD
Price Per SF
$182.65 USD
Cap Rate
2.90%
NOI
$116,531 USD
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,000 SF
Slab To Slab
9’
Building FAR
2.60
Lot Size
0.19 AC
Zoning
C-3 - Commercial
Parking
18 Spaces (0.82 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Tenant Controlled HVAC
- On-Site Retail
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
A well-located office suite in downtown Port Coquitlam is available for gross lease. The space offers flexible layout and elevator access, ideal for small businesses seeking turnkey operations.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 206 | 1,011 SF | Office | - | Now |
1st Fl-Ste 206
| Size |
| 1,011 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 206
| Size | 1,011 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
A well-located office suite in downtown Port Coquitlam is available for gross lease. The space offers flexible layout and elevator access, ideal for small businesses seeking turnkey operations.
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Walker's Paradise (93)
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Very Bikeable (77)
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Elgin House | 2248 Elgin Ave
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