Income Stream Property: Built as a 4plex on bus route not far from the University. There are 2 Upper and 2 Lower units each measuring 1395 sqft. Each have 3 bed, 2 baths; upper & lower units include beautiful fireplace features & lots of closet space. Lower units extra storage space at front entrance way with large covered parking spaces. Lots of Natural light. Affordable economical electric base board heaters. All units have large decks, back ones redone in 2008. Large Master Bedrooms with walk-in closets, as well as ensuite bathroom with 5 ft shower. 2 additional bedrooms are separated from the Master for enough room & space for a family. Kitchen is bright & open with plenty of pot lights & windows, great for entertaining. Huge fenced back yard with lots of privacy. This terrific neighbourhood offers hospital area safety, close to all levels of schooling including Vancouver Island University & on a bus route that stops outside the door. There are miles of walking trails nearby, including Beban Park skating & swimming facilities. Each unit can rent for $1300 per month. 5200 sqft, 12 bedrooms, 6 bathrooms. This large updated side by side duplex has a potential cash flow of $3600 per month now or rezone to get rental income up to over $5000 dollars per month. Close to everything. Live in part, collect file rents and the seller may even assist with your financing. Great upside potential here, don't miss it.
Property Summary:
Category:Fourplex
Bedrooms:12
Bathrooms:8
Garage:0