C-1 Commercially zoned investment property in Lake Cowichan represents a great opportunity to perhaps live in one of the units & have the others help pay the mortgage. There are 2 separate buildings with 5 total rental units that are all occupied. Larger building has a 5 bedroom suite that takes up the main & upper levels & 2 one bedroom suites in the lower level. The second building is a rancher style with a 2 bedroom suite on one side & a 1 bedroom suite on the other side. In the last 8-9 years the larger, older building was pretty much completely renovated and brought up to code. Both buildings have cedar siding, vinyl windows, good roofs & there is 400 amps total power with each unit having a separate meter in the dedicated power room. Each unit has a fridge, stove, washer, dryer, hot water tank & there is an alarm system that notifies each unit if there is fire/smoke in any of the other units. Close to restaurants, pub, shops, drug store, school, arena & a park on the river.
Address
161 South Shore Rd
List Price
$997,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Duncan
Sub-Area
Du Lake Cowichan
Bedrooms
10
Bathrooms
5
Floor Area
3,880 Sq. Ft.
Lot Size
6000 Sq. Ft.
Lot Size (Acres)
0.13 Ac.
MLS® Number
974186
Listing Brokerage
Sutton Group-West Coast Realty (Dunc)
Basement Area
Finished, Not Full Height, Walk-Out Access, With Windows
Postal Code
V0R 2G0
Tax Amount
$4,358.00
Tax Year
2024
Features
Baseboard, Electric, F/S/W/D, Insulated Windows, Mixed, Screens, Vinyl Frames
Amenities
Balcony/Deck, Balcony/Patio, Central Location, Corner Lot, Landscaped, Marina Nearby, Recreation Nearby, Shopping Nearby, Sidewalk