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.
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)0.85 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.643 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:
952000.0
Assessment year:
2024
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 November 21, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
58
Avg list price:
$1,450,000
Min list price:
$129,000
Max list price:
$14,800,000
Avg days on market:
73
Min days on market:
1
Max days on market:
706
These statistics are generated based on the current listing's property type
and located in
Duncan. Average values are
derived using median calculations.