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250-709-3705
Real Estate Company
8033 Greendale Rd, Lake Cowichan, BC V0R 2G0
- $2,395,000
Courtesy of Realocity Realty Inc.
- List Price
- $2,395,000
- Status
- ACTIVE
- MLS®
- 1052039
- Property Type
- Commercial
- Stories
- 1
- Acres
- 2.11
- Lot Size
- 91,911
- District
- Lake Cowichan
- Neighbourhood
- Du Lake Cowichan
Property Description
8 half duplexes, all ground level, each with 3 Bedrooms, separately metered, now all at market rents generating over $17,000 per month at a 7.14% CAP Rate. All units have been fully updated, thoughtfully soundproofed, each with a 4 piece bathroom, full sized appliances including laundry, individual storage sheds, non-smoking and in excellent condition. The entire property is well maintained and managed with solid tenancy agreements in place. Prime location in a peaceful neighbourhood on a safe, private, no-through road and only a 10 minute walk or 2 minute drive to town. Consistent 0% vacancy rate as residents enjoy so much natural beauty right from their doorsteps including direct access to a lovely creek and the Trans Canada Trail. Very low maintenance as all tenants are responsible to look after their designated portion of yard space, including grass cutting, leaf raking and snow removal. Gentle sloping 2+ acre corner lot. Plenty of parking. Potential for future subdivision.
Additional Information
- Lot Features
- Corner Lot, Easy Access
- Heating
- Baseboard
- Flooring
- Laminate, Vinyl
- Parking Spaces
- 16
- Exterior Features
- Water Feature
- Parking Type
- On Site
- Taxes
- $8,595
- Rentals Allowed
- Unrestricted
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