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$2,395,000
Lake Cowichan
8033 Greendale Road, Lake Cowichan, British Columbia, V0R2G0
This multi-family property in Lake Cowichan is for sale. It has been on the market 24 days, fresher than the Lake Cowichan average of 90 days.
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 7.13% 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. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 24 days on market, against an average age of 90 days across the listings currently for sale in this city
This multi-family in Lake Cowichan has been listed for 24 days, which is 66 days fresher than the city average of 90. Act while there is still low competition.
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