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Okotoks Commercial Property/Business for Sale

Blog by Ana McFadyen | March 16th, 2017

Bistro 1882 is for sale as well as 3,342 comercial building.  Keep in mind you would have a residential mortgage (as there is apartment upstairs 850sqft + 470sqft loft) and commercial area of almost 2,500 sqft. Lease rates are around $30/sqft (including operational costs). So, your commercial investment would pay off in about 8years! 
How many owners do you know that are leasing and never pay off their commercial investment?