8033 Greendale Road Lake Cowichan, BC V0R 2G0
Listing Courtesy of:  CREA / Realocity Realty Inc.

  8033 Greendale Road Lake Cowichan, BC V0R 2G0

Active (32 Days)
$2,950,000

Description

Meticulously maintained, MULTIFAMILY RENTAL INCOME PROPERTY ripe for the savvy investor ready to embrace a winning combination of considerable income, natural beauty and convenience. Projected CAP RATE of 5.6%. All units have 3 bedrooms & 1 full bathroom; all completely updated, well maintained, non smoking, in great condition with full sized appliances, including laundry and individual storage sheds. All with crawl spaces for easy access. Gentle sloping, 2+ acre corner lot with a safe, private, no-through road offering plenty of parking. Prime location with a 0% vacancy rate. Great tenants in place. Very low maintenance. Direct access to the Trans Canada Trail. Private waterfront along the pristine salmon bearing Stanley Creek. Very quiet and peaceful. Only a 1 minute drive to town! Within the Urban Containment Boundary, there are two prime buildable sites for additional multifamily units on either end of the property speaking to great potential for future subdivision. Be sure to click the ''Multimedia'' tab below to access further details including links to the virtual tours! (id:41440)

MLS®:
960763
Type
Multifamily
Views
Mountain View
County
Cowichan Valley

Listed By

Brian Horwitz, Realocity Realty Inc.
Source
CREA
Last checked Jul 15 2024 at 9:50 AM GMT+0000
Bathroom Details
Lot Information
  • Corner Site
  • Other
Heating and Cooling
  • Baseboard Heaters
  • None
Location
   
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 7/15/24 02:50