6% CAP RATE! LOW MAINTENANCE! TURNKEY READY! 8 Half duplexes, all ground level, fully updated, thoughtfully soundproofed, non-smoking and in excellent condition. Prime location in a quiet and peaceful neighbourhood on a safe, private, no-through road with plenty of parking. All units have 3 bedrooms, 1 full bathroom, full-sized appliances, including laundry and individual storage sheds. 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 offering a lovely 10 minute walk to town. Meticulously maintained, well managed and very low maintenance as all tenants are responsible to look after their designated portion of yard space, including grass cutting, leaf raking, and shovelling snow. Gentle sloping 2+ acre corner lot with great potential for future subdivision. See attached info pack for further details!
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:
$5,911.35 /
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:
915000.0
Assessment year:
2025
Jurisdiction name:
Town of Lake Cowichan
Legal Description:
LOT 1, PLAN VIP5560, DISTRICT LOT 16, COWICHAN LAKE LAND DISTRICT, EXCEPT PLAN 12069
Zoning:
R-3
Property Condition:
Updated/Remodeled
Lot Site Features:
Corner Lot, Easy Access
Parking Features:
On Site
Total Units:
8
Date Listed:
Mar 01, 2025
Original Price:
2595000.0
Photo 1 of 39
Photo 2 of 39
Prime location
Direct access to the Trans Canada Trail
Stanley Creek
Photo 6 of 39
Photo 7 of 39
Photo 8 of 39
Unit 1
Photo 10 of 39
Photo 11 of 39
Photo 12 of 39
Photo 13 of 39
Photo 14 of 39
Photo 15 of 39
Photo 16 of 39
Photo 17 of 39
Photo 18 of 39
Photo 19 of 39
Photo 20 of 39
Photo 21 of 39
Photo 22 of 39
Unit 2
Recent refresh on unit 2 including new flooring and fresh paint!
Data was last updated March 19, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
42
Avg list price:
$1,650,000
Min list price:
$68,000
Max list price:
$14,800,000
Avg days on market:
131
Min days on market:
5
Max days on market:
603
These statistics are generated based on the current listing's property type
and located in
Duncan. Average values are
derived using median calculations.