8033 Greendale Rd
Lake Cowichan, British Columbia
MLS® 1052039
$2,395,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1052039
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
Listing description
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.
Property summary
- MLS® number
- 1052039
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 2.11 acres
- Annual property taxes
- $8,595.48
- Parking
- 16 spaces
- Days on market
- 18 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
- Lot features
- Corner Site, Other
- View
- Mountain view
What would this home cost you?
Based on the $2,395,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Realocity Realty Inc., Cowichan Bay.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.