8 half duplexes, all ground level, each with 3 Bedrooms, separately metered, now all at market rents generating over $17,000 per month at a 7.14% CAP Rate. All units have been fully updated, thoughtfully soundproofed, each with a 4 piece bathroom, full sized appliances including laundry, individual storage sheds, non-smoking and in excellent condition. The entire property is well maintained and managed with solid tenancy agreements in place. Prime location in a peaceful neighbourhood on a safe, private, no-through road and only a 10 minute walk or 2 minute drive to town. Consistent 0% vacancy rate as residents enjoy so much natural beauty right from their doorsteps including direct access to a lovely creek and the Trans Canada Trail. Very low maintenance as all tenants are responsible to look after their designated portion of yard space, including grass cutting, leaf raking and snow removal. Gentle sloping 2+ acre corner lot. Plenty of parking. Potential for future subdivision.
Address
8033 Greendale Rd
List Price
$2,395,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Duncan
Sub-Area
Du Lake Cowichan
Lot Size
91911 Sq. Ft.
Lot Size (Acres)
2.11 Ac.
MLS® Number
1052039
Listing Brokerage
Realocity Realty Inc.
Postal Code
V0R 2G0
Tax Amount
$8,595.48
Tax Year
2026
Features
Baseboard, Laminate, Vinyl
Amenities
Corner Lot, Easy Access, Water Feature