This is an exceptional 3-unit investment property currently listed at it’s assessed value. A vacant full-sized rancher and a SxS duplex currently rented at market rates, together with a 474sf detached shop with both plumbing and electrical for additional income possibilities. The rancher is 1146sf with 3 bedrooms, lots of parking, and invites you to owner occupy so you benefit from the duplex income; or rent it at local market rates ($2300-$2400/m; $5600-$5700 total income) for a 3 unit full investment property. The rancher also features a large living room, dining room, and kitchen, with a large front deck and distant ocean and city views, main bathroom plus laundry room. The east side of the duplex is a 1 bedroom and den, laundry, kitchen, dining and living room areas. It was recently updated with paint, flooring, and cabinetry; it boasts a front deck with views. The west side of the duplex has one-bedroom, front deck and ocean views. A proforma shows net of operating costs approx. approx. 5.7% ROI. The 474sf detached shop is bonus space and is nestled behind the rancher. Abundant parking on this 18,000 sf lot. The property backs onto Morrell Nature Sanctuary for privacy and peacefulness, with its myriad trails and connection by trail to Westwood Lake. You are a 10 minute walk to Vancouver Island University, an excellent source for renters, and Colliery Dam Park. All measurements are approximate and should be verified if important. (id:47421)
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Detailed Information
Bedrooms
5
Bathrooms
4
Features
Wooded area, Other
Listing Contract Date
2024-10-01
Municipal ID
001-401-653
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Single Family
Structures
Patio(s)
Transaction Type
For sale
Views
City view, Mountain view, Ocean view
Zoning
Multi-Family
Building
Constructed Date
1974
Cooling Type
None
Heating Fuel
Electric
Heating Type
Baseboard heaters
Total Finished Area
2928 sqft
Type
Triplex
Rooms
Room
Level
Dimensions
Notes
Sunroom
Main level
21'5 x 5'11
Bathroom
Main level
4-Piece
Laundry room
Main level
9'2 x 6'10
Kitchen
Main level
11'11 x 9'2
Dining room
Main level
9'2 x 6'0
Living room
Main level
21'11 x 13'1
Bedroom
Main level
13'1 x 11'4
Primary Bedroom
Main level
11'8 x 11'0
Bedroom
Main level
8'8 x 8'1
Patio
Main level
46'11 x 12'5
Workshop
Main level
18'3 x 12'6
Bathroom
Main level
1-Piece
Workshop
Main level
16'1 x 12'6
Den
Other
11'11 x 7'8
Living room
Other
12'4 x 11'2
Kitchen
Other
9'0 x 8'2
Dining room
Other
9'9 x 7'6
Laundry room
Other
10'7 x 6'8
Bathroom
Other
4-Piece
Bedroom
Other
11'8 x 11'3
Living room
Other
19'3 x 8'3
Kitchen
Other
9'0 x 8'3
Dining room
Other
9'9 x 7'6
Laundry room
Other
10'7 x 6'8
Bathroom
Other
4-Piece
Bedroom
Other
11'8 x 11'3
Parking Spaces
Name
Spaces
Open
Land
Total Size
18000 square feet
Size of Irregular Land
18000
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