Multi-family
4544 Lanes Rd
Cowichan Bay, BC
MLS® 1033328 · 133 days on market
$3,500,000
5.2 acres
Description
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 (id:63159)
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 5.2 acres
- Zoning
- Unknown — MP1
- Title
- Freehold
Exterior & Land
- Waterfront
- Waterfront on ocean
- Lot features
- Sloping, Other, Rectangular
Building & Utilities
- Parcel ID (PID)
- 001-340-000
- Annual property tax
- $15,698.25
- Brokerage
- Royal LePage Duncan Realty
Location Insights
Weather
Nearest station: Duncan
23°C
—
Humidity 50%
Wind ENE 4 km/h
Today
24°
Tonight
14°
Thursday
22°
Thursday night
11°
Friday
16°
Friday night
12°
Source: Environment and Climate Change Canada.
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