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Sale Pending - 8 unit apartment complex in Chemainus

$798,000.00 (Cdn)

Sale Pending - 8 unit apartment complex in Chemainus
Business Location: British Columbia
Postal Code: V0R
Relocatable: No
Business Categories:
Real Estate & Rental Buildings
Accommodation & Recreation
Fully occupied with tenants who pay their rents on time. Zoned for 9 townhouses. Lovely creek side property in a well established neighbourhood. Each suite is unique.

Very few opportunities to own a rental building that has definite development potential. No rezoning needs to be done.

  -  INCLUDED  in  the  Price  -  
2 buildings, each with 4 units located on Daniel Street in Chemainus. Close to the high school, new shopping centre and beach access. Gross annual rents exceed $81,000. Fully occupied and the rental vacancy rate in the area is very low so there is never an issue filling vacancies. The property is currently zoned for 9 townhouses so there is definitely development potential. Preliminary plans are available for the townhouse development and full survey of the property has been completed.

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