INVESTMENT OPPORTUNITY + 0% SELLER FINANCING! ROI...5.2%... Acquire an income-producing property just 15 min. north of Qualicum Beach with an attractive combination of cash-flow potential,favourable financing and flexible use. Est. annual rental income is $39K,with approx.$9K in operating costs,leaving approximately $30K in annual cash flow before financing and a net ROI of 5.2%. The property features a bright 2-bdrm/2-ba main home plus a fully self-contained 2-bdrm/1-ba suite,currently generating $1,300/mo. in rental income,with a tenant who would like to stay and a lease in place until 8/2027.The configuration provides flexibility for investors seeking long-term rental income,furnished/vacation accommodation,or an owner-occupied property with supplemental income,subject to applicable regulations. Quality features include maple hardwood,Brazilian cherry flooring,Corian counters,a heat pump,propane fireplace and a sunny 20x20 deck.Furniture on the main floor is included,making it well suited to a furnished rental strategy. Whether your priority is generating income,building equity,or creating a flexible property with multiple potential uses,this is an opportunity worth examining. Income + 0% seller financing + existing tenancy + future flexibility make this a compelling investment proposition in the Qualicum Beach area. (id:66096)
Property Details
MLS®
1048125
Property Type
Other
Business Type
Accommodation
Zoning
Unknown
Parking
2
Lot Size
11,086 sq ft (0.25 ac)
Building Area
2,200 ft²
Year Built
2006
Heating
Heat Pump, Baseboard heaters, Electric
Cooling
See Remarks
Condo Fee
$230/mo
Ownership
Condo/Strata
Property Tax
$2,284/yr
Listed
63 days ago
Market Timing
Days on market
63d
Qualicum Beach listings, avg age
81d
List price
$570K
Long Listed: 63 days on market, against an average age of 81 days across the listings currently for sale in this city
Market timing · days on market0 → 81d avg age of current listings
Long Listed · day 63
Haho
This other in Qualicum Beach has been listed for 63 days, which is 18 days fresher than the city average of 81. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
$569,500
For sale
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Financing
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