Active
142 Morison Ave
Parksville BC, V9P 0B1
$3,100,000
Active
Commercial
Built in 1952
This listing is for the sale of shares of 2 corporations. The first one being the Tower Brae Holdings Ltd. which
operates as Parksville Home Hardware, Parksville, B.C. This is a well established Home Hardware franchise
with a proven record of profits over many years. It is located in the heart of downtown Parksville with excellent
traffic flow and is a destination business with many regular customers. Tower Brae Holdings Ltd. is offered for
sale at $650,000 which includes $350,000 in inventory. The purchase price would be adjusted to reflect
actual inventory at the takeover date.
The second corporation is Ormiston Holdings Ltd, which owns the land and buildings, consisting of 142
Morison Ave with 6,997 sq ft of retail space, valued at $2.2M and a warehouse at Unit 7-1147 Franklin's Gull
Rd in the Parksville Industrial Park with approx. 1300 sq ft of storage space, valued at $250,000 and reflects a
combined cap rate of 5.71 %
968147
MLSⓇ ID
June 20, 2024
Listed
February 20, 2025
Updated
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
Parksville/Qualicum
Taxes
$25,270
Tax Frequency
Annually
Days on Market
237
Garage
No
View
No
County
Parksville, City of
Zoning
C3.2 & l-1
Courtesy of Royal LePage Coast Capital Realty, Greg Sabo
Listing Contact: 250-240-1226
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