$2,595,000

Investment For Sale In Lake Cowichan, British Columbia

$2,595,000

Property Information:

Attention Investors! Cash Flow! Low Maintenance! Turnkey Ready! Meticulously maintained multifamily rental income property boasting 8 half duplexes; all ground level, completely updated, non-smoking and in excellent condition! All units have 3 bedrooms, 1 bathroom, full sized appliances, including laundry and individual storage sheds. Prime location in a quiet and peaceful neighbourhood on a safe, private, no-through road. 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 private waterfront alongside the pristine Stanley Creek as well direct access to 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 shoveling snow. Gentle sloping 2+ acre corner lot. Plenty of parking. Considerable rental income in place with great tenants! Potential for future subdivision.

Inclusions: Real Estate

Property Features:

  • Annual Tax Amount: $5,911
  • Building Features: Shopping Nearby, Storage Room
  • Construction Materials: Stucco
  • Cooling: None
  • Exterior Features: Water Feature
  • Floor Space (approx): 6920 Square Feet
  • Flooring: Laminate, Vinyl
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard
  • Inclusions: Real Estate
  • Lot Features: Corner Lot, Easy Access
  • Lot Frontage: 91911 Square Feet
  • Lot Size: 2.11 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • View: Mountain(s)
  • Water Source: Municipal
  • Zoning: R-3
  • Sewer:

Courtesy of: Realocity Realty Inc.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.