508 Coverdale, Riverview
TURN-KEY COMMERCIAL INVESTMENT | PRIME LOCATION | 3 ELECTRICAL METERS | MULTIPLE INCOME STREAMS. Great investment opportunities are hard to find this one is worth a closer look! Located on busy Coverdale Road in the heart of Riverview, this exceptional property offers excellent visibility and convenient access, next to a gas station, TD Bank, apartment buildings, and the Town of Riverview, and just minutes from the Honourable Brenda Robertson Bridge. The ground floor features two restaurant businesses: a pizza restaurant and an eat-in/take-out restaurant, with potential for a drive-through at one location, subject to municipal approval. With three separate electrical meters, utility management and tenant billing are made easier. One long-term commercial tenant covers major expenses, including property taxes, insurance, and utilities, helping reduce the owner's operating costs. Upstairs, a spacious 3-bedroom apartment with two separate entrances is currently rented for $1,750/month, providing additional rental income. The high-ceiling basement is currently used for storage, offering room to explore future possibilities, subject to applicable approvals. With established commercial tenancy, residential rental income, and a prime location surrounded by businesses and residential developments, this property offers an attractive opportunity for investors looking to expand their portfolios. Interested in the numbers? Contact me today to request the rent roll and income and expense statement, call your favorite REALTOR® and book your private showing to explore this investment opportunity firsthand! (id:1945)
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Property details for 508 Coverdale, Riverview
- Type
- Commercial
- Living Area
- 3,600 square feet
- Lot Size
- 1147
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Heat Pump
- Ownership
- Freehold
- Annual Taxes
- $13,911
Nearby Listings Stat
Estimated price and comparable properties near 508 Coverdale
Active Listings
89
Min Price
$32,000
Max Price
$9,800,000
Avg Price
$551,624
Days on Market
76
days
Sold Listings
19
Min Sold Price
$250,000
Max Sold Price
$2,960,000
Avg Sold Price
$634,300
Days until Sold
79
days
Price History
Listed
October 9, 2026
by Keller Williams Capital Realty
Current Price
$749,900
+25.2% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $749,900 | +$150,900 (+25.2%) |
| Oct 9, 2026 | $599,000 | Listed |
