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Alex Burns

alex@victoriahomes.com +1(250) 882-3335

Listed by Vivien Sears RE/MAX First Realty (PK)

$ 1,350,000

Est. payment | -/mo

0.83 Acres Lot

Save

$ 1,350,000

Est. payment | -/mo

Save

0.83 Acres Lot

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1028092

Style Other

HOA Y/N No

Annual Tax Amount $5,940

Tax Year 2025

Lot Size 0.830 Acres

Acres 0.83

Property Sub-Type Other

Property Description

Investment property of .82 Acres with 9 rentable single tenant units with a high yield income asset (7-10% Cap Rate. This 3 title parcel which can not be subdivided is only 5 minutes to downtown Parksville and is in great condition. The Current Owners have expended time and energy over 14 years into maintaining and repairing as required and have skillfully built a cohesive group of excellent, mostly contented, tenants with an almost guaranteed income for the owner of $75,000 net of expenses per year.
The homes consist of a Fourplex, a Duplex with Storage Room, a Double Wide Mobile home, a Single wide mobile home and a Cabin. There is also a communal Laundry Building.
There is enough water to cover all of the Homes and buildings and also service 3 Allsbrook properties with legal parameters established and documented by Heath Law.
There are 3 Septic Fields and 3 separate tanks.
The area is well treed providing green aspects, shade and privacy for Tenants .Call now to view.

Location

Province BC

County Nanaimo Regional District

Community Pq Errington/Coombs/Hilliers

Area Parksville/Qualicum

Zoning R3

Rooms

Kitchen 0

Interior

Heating Electric

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features Open

Garage Spaces 15.0

View Y/N No

Roof Type Other

Total Parking Spaces 15

Garage No

Building

Foundation Other

Sewer Septic System

Water Well: Drilled

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Ownership Freehold

Special Listing Condition Resale

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Nearby School & Business

+1(250) 882-3335

alex@victoriahomes.com

3440 Douglas St, # 202, Victoria, Canada

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992 Allenby Rd Errington, BC V9P 2A9