Meticulously maintained multifamily rental income property boasting 8 half duplexes; all ground level, completely updated, non-smoking and in great condition. All units have 3 bedrooms, 1 bathroom, full sized appliances, including laundry and individual storage sheds. Located in a quiet and peaceful neighbourhood on a safe, private, no-through road alongside a pristine salmon bearing creek with direct access to the Trans Canada Trail. Considerable rental income in place with great tenants. Prime location with a 0% vacancy rate as residents enjoy so much natural beauty right from their doorsteps with quick and easy access to all the amenities being only a five minute walk or 1 minute drive to town! 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. Plenty of parking. Gentle sloping 2+ acre corner lot. Great potential for future subdivision.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
See Remarks
Listing General Location:
Du Lake Cowichan, Duncan
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
2.11 acre(s)0.854 hectare(s)
Taxes:
$5,911 /
2024
Building Features:
Shopping Nearby, Storage Room
Construction:
Stucco
New Construction:
No
Foundation:
Concrete Perimeter
Number of Storeys:
1
Floor finish:
Laminate, Vinyl
Total Building Area:
6,920 sq. ft.642.889 m2
Commercial Area:
Other
Water supply:
Municipal
Sewer:
Septic System
Cooling:
None
Heating:
Baseboard
Fireplace:
No
Real Estate
Water Feature
Mountain(s)
Main Level
0
Yes
No
Unrestricted
Assessed:
95200.0
Assessment year:
24
Jurisdiction name:
Town of Lake Cowichan
Legal Description:
LOT 1, PLAN VIP5560, DISTRICT LOT 16, COWICHAN LAKE LAND DISTRICT, EXCEPT PLAN 12069
Data was last updated October 3, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
56
Avg list price:
$1,449,500
Min list price:
$129,000
Max list price:
$15,000,000
Avg days on market:
63
Min days on market:
2
Max days on market:
657
These statistics are generated based on the current listing's property type
and located in
Duncan. Average values are
derived using median calculations.