$699,000
3116 3 Highway
Beds
—
Baths
—
Sqft
—
Year
—
Type
Other
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Erickson. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Live/work opportunity with strong Highway 3 exposure—C-2 zoned commercial building plus updated residential home on 0.51 acre. This versatile property offers excellent visibility, ample paved parking, and flexible space for a wide range of business uses. The 2,730 sq ft commercial building features an open-concept layout, kitchen/prep area, large cooler, guest washroom, upgraded 200-amp electrical service, and an attached garage with high ceilings and overhead door—ideal for retail, service, or light industrial operations. High traffic location ensures consistent exposure for your business. The property also includes a fully updated 3 bedroom, 2 bathroom home, providing the option to live on-site, generate rental income, or accommodate staff. Significant renovations completed in 2025 create a comfortable, move-in ready living space. Ample parking for customers and clients, combined with the ability to operate and reside in one location, makes this a rare and practical investment in today’s market. Option to purchase existing business for a true turn-key setup. (id:65958)
- Subtype
- Other
- Structure
- Other
- Community
- Erickson
- Living area
- 2,730 square feet
- Lot size
- 0.51 acres
- Lot dimensions
- 0.51
- Parking
- 12 total
- On market
- Mar 20, 2026
- Status changed
- Apr 24, 2026
- Photos
- 29
- MLS#
- 10379739
- Area
- ERICKSON
Features and systems
Parking
Heating
Cooling
Exterior
Community
Cash on cash
-6.72%
Cap rate
3.52%
GRM
16.6
Break-even rent
$4,324
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.