200 - 5112 52 Street

Downtown, Yellowknife

About this Commercial in Downtown, Yellowknife

$950,000 + GST

With its industrial inspired interior design, this building is popular with non-profits and start-ups looking for a collaborative and exciting work environment. 

The building features 20 offices of varying sizes along with a friendly lobby and cowork area. The large shared boardroom is frequently booked by outside groups looking for a unique, off-site meeting space. The main floor is wheelchair accessible and the property has 5 parking spaces.

Repurposed by CloudWorks in 2016-17, the diversified tenant base has proven to be robust, maintaining high occupancy levels throughout the Covid-19 pandemic. Continued management of the building by CloudWorks is available.

Containing 5,393 square feet of leasable space, split between two floors, the property is part of a mixed-use condominium, which adds cost predictability and removes maintenance worries. 

This opportunity is ideal for an investor looking for a turnkey investment in the Yellowknife commercial real estate market or a business or organization who wishes to partially occupy a building.

Basic Financials

Stabilized Rental Income: $17,000 per month

Stabilized Monthly Profit: $9,700 per month

All information for Century 21 Prospect Realty's “For Sale By Owner” commercial listings has been provided by the owner.  Although it is deemed reliable, it has not been verified by Century 21 Prospect Realty, its licensed Agent or its licensed Salespeople - with the exception of iGuide floor plans and measurements, which were prepared by our qualified technician.  No warranty or representation is made as to the accuracy of the information.  All information should be independently verified.

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