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Listed by Brian Horwitz Realocity Realty Inc.

$2,395,000

Est. payment - /mo

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6,920 SqFt

New

8033 Greendale Rd Lake Cowichan, BC V0R 2G0

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Tina Gonzalez PREC* & Tim Webb PREC*

info@islandhomes4you.com +1(778) 837-1144

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,920 sqft

Price per Sqft $346

MLS Listing ID 1052039

HOA Y/N No

Annual Tax Amount $8,595

Tax Year 2026

Lot Size 2.110 Acres

Acres 2.11

Property Sub-Type Multi Family

Property Description

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.

Location

Province BC

County Lake Cowichan, Town Of

Community Du Lake Cowichan

Area Duncan

Zoning R-3

Interior

Heating Baseboard

Cooling None

Flooring Laminate, Vinyl

Fireplace No

Exterior

Exterior Feature Water Feature

Parking Features On Site

Garage Spaces 16.0

View Y/N Yes

View Mountain(s)

Total Parking Spaces 16

Garage No

Building

Lot Description Corner Lot, Easy Access

Foundation Concrete Perimeter

Sewer Septic System

Water Municipal

Others

Ownership Freehold

Special Listing Condition Updated/Remodeled

Virtual Tour https://drive.google.com/file/d/1MA0fCCNDjKN8D41euky4JM6_NEvBbzdg/view?usp=drive_link

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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T & T Real Estate Team - Island Homes 4 You

REALTORS®

+1(778) 837-1144