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Listed by Vivien Sears RE/MAX First Realty (PK)
$ 1,350,000
Est. payment /mo
Active
992 Allenby Rd Errington, BC V9P 2A9
0.83 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1028092
Style Other
HOA Y/N No
Annual Tax Amount $5,940
Tax Year 2025
Lot Size 0.830 Acres
Acres 0.83
Property Sub-Type Other
Property Description
Investment property of .82 Acres with 9 rentable single tenant units with a high yield income asset (7-10% Cap Rate. This 3 title parcel which can not be subdivided is only 5 minutes to downtown Parksville and is in great condition. The Current Owners have expended time and energy over 14 years into maintaining and repairing as required and have skillfully built a cohesive group of excellent, mostly contented, tenants with an almost guaranteed income for the owner of $75,000 net of expenses per year.
The homes consist of a Fourplex, a Duplex with Storage Room, a Double Wide Mobile home, a Single wide mobile home and a Cabin. There is also a communal Laundry Building.
There is enough water to cover all of the Homes and buildings and also service 3 Allsbrook properties with legal parameters established and documented by Heath Law.
There are 3 Septic Fields and 3 separate tanks.
The area is well treed providing green aspects, shade and privacy for Tenants .Call now to view.
The homes consist of a Fourplex, a Duplex with Storage Room, a Double Wide Mobile home, a Single wide mobile home and a Cabin. There is also a communal Laundry Building.
There is enough water to cover all of the Homes and buildings and also service 3 Allsbrook properties with legal parameters established and documented by Heath Law.
There are 3 Septic Fields and 3 separate tanks.
The area is well treed providing green aspects, shade and privacy for Tenants .Call now to view.
Location
Province BC
County Nanaimo Regional District
Community Pq Errington/Coombs/Hilliers
Area Parksville/Qualicum
Zoning R3
Rooms
Kitchen 0
Interior
Heating Electric
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Open
Garage Spaces 15.0
View Y/N No
Roof Type Other
Total Parking Spaces 15
Garage No
Building
Foundation Other
Sewer Septic System
Water Well: Drilled
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Ownership Freehold
Special Listing Condition Resale