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Featured exterior photo of 8033 Greendale Rd, Lake Cowichan, BC
Miller Real Estate Team logo Miller Real Estate Team · REMAX Professionals
MLS® 1052039
Just Listed

8033 Greendale Rd

Lake Cowichan, BC · V0R 2G0
$2,395,000
2.11 ac Listed Today
About this home

Lake Cowichan Living, Reimagined.

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 7.14% 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.
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 7.14% CAP Rate.
The Details

Property Highlights

Lot Size 2.11 acres
Building Type Multi-Family
Cooling None
Parking 16
View Mountain view
Location

On the Map

8033 Greendale Rd, Lake Cowichan, BC Open in Google Maps
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REMAX Professionals
Nanaimo, British Columbia
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8033 Greendale Rd — enlarged listing photo