Vancouver Island Farms & Acreage // 250-746-6621 // blairherbert@royallepage.ca

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4544 Lanes Rd in Cowichan Bay: Du Cowichan Bay Multi Family for sale (Duncan) : MLS®# 962242

4544 Lanes Rd Cowichan Bay V0R 1N2 : Du Cowichan Bay

Main Photo: 4544 Lanes Rd in Cowichan Bay: Du Cowichan Bay Multi Family for sale (Duncan)  : MLS®# 962242banner
$4,300,000
Prop. Type:
Commercial Sale
MLS® Num:
962242
Status:
Active
Here is an opportunity to acquire a very unique Waterfront revenue property on Southern Vancouver Island. This 5+ acre parcel contains a 19 unit senior’s mobile home park, large house with panoramic ocean views, a six unit apartment building and an older house. All units currently rented with and 2024 EGI of approximately 237,000. The property slopes toward the water so most units have ocean views. The location is rural enough to make it peaceful but within a short drive to amenities. There is ample opportunity to increase revenue or live on the property and enjoy the view while benefiting from substantial cash flow. Financials available to qualified buyers with signed NDA. No sign at sellers request
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Business
Lease Type:
Sale of Assets, Sale Of Shares
Listing General Location:
Du Cowichan Bay, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure5.22 acre(s)
Taxes:
$11,684.45 / 2023
Commercial Area:
Not Applicable
Water supply:
Cistern, Well: Drilled
Sewer:
Septic System
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
2925000.0
Assessment year:
2024
Approximate Inventory Value:
0
Jurisdiction name:
Duncan Rural (765)
Legal Description:
PARCEL F, SECTION 5, RANGE 6, COWICHAN LAND DISTRICT, (DD 49152I)
Zoning:
MP1
Occupancy:
Tenant
Lot Site Features:
Adult-Oriented Neighbourhood, Rectangular Lot, Sloped
Parking Features:
On Site
Road Surface Type:
Paved
Business Name:
Edgewater Terrace Mobile Home Park
Business Type:
Accommodation, Mobile/Trailer Park
Total Units:
25
Date Listed:
May 14, 2024
Original Price:
4300000.0
Listed by Blair Herbert of Royal LePage Duncan Realty
Data was last updated May 21, 2024 at 06:05 AM (UTC)
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.