Property Details

Address

8033 Greendale Rd, Lake Cowichan, BC

Price

$2,495,000

Property Description

8 Half Duplexes - Each with 3 Bedrooms - Separately Metered - Ground Level - 6.57% CAP Rate - Turnkey Ready! All units fully updated, thoughtfully soundproofed, 4 piece bathrooms, full sized appliances including laundry, individual storage sheds, non-smoking and in excellent condition. The entire property is meticulously maintained and well 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 private waterfront alongside a lovely creek, as well direct access to 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.