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Investment For Sale In Cowichan Valley G


10860 CHEMAINUS ROAD, LADYSMITH, British Columbia, V9G 2A4

  • $1,725,000

Property Information:

Excellent, cash flow producing, mixed use site with a lot size of 2.52 acres. Currently, the site consists of 15 mobile home pads, one (rentable) single - family dwelling, and a 4,600 sq. ft, commercial building (leased to the Saltair Food Market). The lot is currently zoned C -2 General Commercial Zone and has good exposure on a busy road ( Chemainus Road). 2019 Stabilized Cross Income forecast is $136,440 with an Expense Forecast of 21%. There is on-site management that is included in the Expense Forecast. The MHP is plus 55 and the units are all owned by the tenants. With recent upgrades and improvements the park is attractive and well maintained. The Saltair Food Market (formerly Byron's Market) has serviced the community for decades. The present operators lease the building and are solid tenants. Income has increased yearly and the occupancy is typically at 100%. Present owners have recently made several up grades to the services and facilities on the property. Highlights: diversified and consistent income, long -term tenants, on-site management, recent upgrades and improvements to the services /facilities and in a great location. (id:27)

Property Features:

  • Property Type: Multi-family

Courtesy of: RE/MAX of Duncan

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Location of 10860 CHEMAINUS ROAD, LADYSMITH, British Columbia, V9G 2A4

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