Average square foot calculated using Size range provided by listing agent.
Description
Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place. Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University. The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future. Spanning 2, 120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow. Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential.Show Description
MLS® Number1010599
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageNo
Approx. Age1981
BasementFull, Walk-Out Access, With Windows
DrivewayCarport
Garage Spaces
HeatBaseboard
A/CNone
Heating Fuel
Extras
Similar Listings
Get notified of price or status changes by saving this listing