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C-1 Commercially zoned investment property in Lake Cowichan represents a great opportunity to perhaps live in one of the units & have the others help pay the mortgage. There are 2 separate buildings with 5 total rental units that are all occupied. Larger building has a 5 bedroom suite that takes up the main & upper levels & 2 one bedroom suites in the lower level. The second building is a rancher style with a 2 bedroom suite on one side & a 1 bedroom suite on the other side. In the last 8-9 years the larger, older building was pretty much completely renovated and brought up to code. Both buildings have cedar siding, vinyl windows, good roofs & there is 400 amps total power with each unit having a separate meter in the dedicated power room. Each unit has a fridge, stove, washer, dryer, hot water tank & there is an alarm system that notifies each unit if there is fire/smoke in any of the other units. Close to restaurants, pub, shops, drug store, school, arena & a park on the river.
Data was last updated December 27, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
61
Avg list price:
$644,000
Min list price:
$89,000
Max list price:
$1,899,900
Avg days on market:
73
Min days on market:
7
Max days on market:
448
Avg price per sq.ft.:
$444.84
These statistics are generated based on the current listing's property type
and located in
Du Lake Cowichan. Average values are
derived using median calculations.
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