Excellent Rental Revenue Property In Chemainus For Sale

Business description

Excellent Rental Revenue Property: Zoned R7 - Multi Family Residential on one-half (1/2) acre lot. Four-Plex that is close to downtown, ferry, beach, theatre, hospital, shopping, marina and E&N Railway stop. Extensive sound proofing (2 inches of concrete between floors). Each 2 bedroom suite is 1100 sqft with 2 covered balconies. Lower suites have had 128K of upgrades done, including new electrical, new kitchen & bathrooms plus laminate flooring in main living area as well as heated tiled floors in kitchen & bathroom. Well manicured yard, 7 car parking lot. Outbuildings include a 14x26 finished garage with workshop space & 10x10 garden shed. Rental income for 4 suites, including owner's suite, can gross $46,000+ per year once owner's suite is rented. Great investment property with room to add additional income-producing accommodations. There may also be an opportunity to convert the 4, 2 bedroom units into Strata units with 4 separate freehold titles

Property information

Real Estate:

Real Property Included

Location:

Prime Downtown Location

Premises details:

Immaculate and Fully Rented

Size in square feet:

1/2 Acre

Business Operation

Expansion potential:

Excellent Expansion Potential

Reasons for selling:

Owner Would Like To Retire

Other information

Furniture / Fixtures value:

$65,000 (included in the asking price)