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$1,500,000 · .40 acre lot, 5 suites & more

***Do not contact me unless you have cash or are fully qualified for a mortgage at the listed price. This is NOT a fire sale so the price is FIRM. If you are a realtor, I will pay you a fee to set me up with a client but I do not want to list the property***

***4.5% net return on your investment: good luck finding higher***

Location is Saanich West just south of the rural zone. Lots of improvements have been done and this is NOT a tear down. This is a short walk from ever expanding Interurban Camosun and central to anything you need. Current rents are $58800 with the owner occupying the best suite. Without improving the property and renting all the suites, the income would be $81600 per year. Tenants are from one year to three years running. Leases are month to month. With a renoviction, the rents would be $90000 or higher. If you want a complete information package via email, include your NAME & NUMBER so we can talk on the phone first. Thank you for your interest.

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Ad Id32074861
CategoryComm. Property Sales
PostedJuly 26, 2018
Renewed March 08, 2020
Expiry April 07, 2020
Status NOT SOLD
Details New
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