Multi-family for sale
4544 Lanes Rd, Cowichan Bay
$4,300,000
Features
Lot Size
227,383 sqft
Gross Property Tax
$11,684.45 /year
Zoning
MP1
Additional Features
Adult-Oriented Neighbourhood, Rectangular Lot, Sloping
Total no. of Units
25
Description
Here is an opportunity to acquire a very unique Waterfront revenue property on Southern Vancouver Island.
This 5+ acre parcel contains a 19 unit senior’s mobile home park, large house with panoramic ocean views, a
six unit apartment building and an older house. All units currently rented with and 2024 EGI of
approximately 237,000. The property slopes toward the water so most units have ocean views. The location
is rural enough to make it peaceful but within a short drive to amenities. There is ample opportunity to
increase revenue or live on the property and enjoy the view while benefiting from substantial cash flow. Financials available to qualified buyers with signed NDA. No sign at sellers request
MLS® Number 962242