Courtesy of RE/MAX Generation
INVESTOR ALERT! This C2-zoned property offers an exceptional opportunity to grow your portfolio. Currently boasting a 3.91% CAP RATE, the market rents have the potential to increase the Cap Rate to over 6%. The charming 4-plex comprises four rental suites, including a spacious 2-bedroom home, two 1-bedroom units, and a bachelor suite, providing a variety of rental options for tenants. The exterior has recently been painted, enhancing its curb appeal. The property is metered separately, ensuring accurate and fair billing for each tenant. Positioned on a double corner lot, just blocks away from the marina, and within close proximity to schools and parks, this prime location is highly desirable for renters. With low vacancy rates and a central downtown location, this unique investment opportunity is a must-see for investors seeking a reliable and profitable asset. Don't miss out on the chance to own a lucrative piece of real estate in the heart of Chemainus.
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