





8033 Greendale Road, Lake Cowichan Lake Cowichan
Price
$2,595,000
BedroomsNot listed
BathroomsNot listed
Size6920 sqft
Year BuiltNot listed
Property TypeCommercial
Property Taxes$5,911.35
Description
6% CAP RATE! LOW MAINTENANCE! TURNKEY READY! 8 Half duplexes, all ground level, fully updated, thoughtfully soundproofed, non-smoking and in excellent condition. Prime location in a quiet and peaceful neighbourhood on a safe, private, no-through road with plenty of parking. All units have 3 bedrooms, 1 full bathroom, full-sized appliances, including laundry and individual storage sheds. Consistent 0% vacancy rate as residents enjoy so much natural beauty right from their doorsteps, including private waterfront alongside the pristine Stanley Creek, as well direct access to the Trans Canada Trail offering a lovely 10 minute walk to town. Meticulously maintained, well managed and very low maintenance as all tenants are responsible to look after their designated portion of yard space, including grass cutting, leaf raking, and shovelling snow. Gentle sloping 2+ acre corner lot with great potential for future subdivision. See attached information package for further details! (id:39198)
Listed By
The listing brokerage and/or agent is Realocity Realty Inc.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Property Dimensions
The Property Location
Mortgage Calculator
Total Monthly Payment
$9,815 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,076,000
Total Interest Payments
$1,279,981
Total Payment (Principal + Interest)
$3,355,981
Cashflow Calculator
Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive

Comber Friesen Group
Realtors

Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.