$1,925,000
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0.52 Acres Lot
SOLD DATE : 11/30/2023
Key Details
Sold Price $1,925,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 939083
Sold Date 11/30/23
Rental Info Unrestricted
Year Built 1976
Annual Tax Amount $11,473
Tax Year 2022
Lot Size 0.520 Acres
Acres 0.52
Property Description
VTB (FIRST MORTGAGE ONLY) of up to 50% of accepted offer price, 1 year term at 4.25% interest only, possible for a qualified Buyer - terms, conditions and approval provided at the sole discretion of the Seller. Multi Family revenue property that is exceptionally well located near shopping, schools, local parks, and the ocean in Chemainus (Central Vancouver Island/Cowichan Valley - 32 KM south of Nanaimo and 20 KM north of Duncan). The 2 building blocks consist of 11 two story townhome style apartments. The units have ground floor living rooms, kitchen and half-bath laundry rooms; the upstairs have two bedrooms and a full bath (some ocean views from upstairs). The building has a history of long term occupancy with low vacancy rates. The building is across the street from Chemainus Secondary and a block away from ocean and local shopping. Several renovations throughout the last 12 years (both roofs replaced within the last 15 years). All sizes approx. and should be verified by buyer.
Location
Province BC
County North Cowichan, Municipality Of
Area Du Chemainus
Zoning R7
Interior
Heating Baseboard
Cooling Other
Flooring Mixed
Exterior
Exterior Feature Balcony/Deck, Balcony/Patio, Fencing: Partial, Lighting, Low Maintenance Yard
Parking On Site 1
Utilities Available Cable Available, Electricity To Lot, Garbage, Phone Available
View Y/N 1
View Mountain(s), Ocean
Total Parking Spaces 11
Building
Lot Description Central Location, Cleared, Family-Oriented Neighbourhood, Landscaped, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, Sloping
Story 2
Foundation Poured Concrete, Slab
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls,Stucco
Others
Tax ID 002-356-171
Ownership Freehold
Acceptable Financing Seller May Carry
Listing Terms Seller May Carry
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Bought with NAI Commercial (Victoria) Inc.