8033 Greendale Road, Lake Cowichan Lake Cowichan
Price
$2,565,000
BedroomsNot listed
BathroomsNot listed
Size6920 sqft
Year BuiltNot listed
Property TypeCommercial
Property Taxes$5,911.35
Description
ATTENTION INVESTORS AND REALTORS® update as of Nov 1st, 2025. This property is now fully available again at a 6.82% Cap Rate! Prime location in a quiet and peaceful neighbourhood on a safe, private, no-through road with plenty of parking. 8 half duplexes, all ground level, fully updated, thoughtfully soundproofed, non-smoking and in excellent condition. All units have 3 bedrooms, 1 full bathroom, full-sized appliances, including in-suite laundry and individual storage sheds. Meticulously maintained, well managed and very low maintenance as all tenants are responsible to look after their designated portion of yard space, including grass cutting, leaf raking, and shovelling snow. Gentle sloping 2+ acre corner lot with great potential for future subdivision. Consistent 0% vacancy rate. Rent Roll available upon request. (id:39198)
Listed By
The listing brokerage and/or agent is Realocity Realty Inc.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$9,708 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,052,000
Total Interest Payments
$1,265,183
Total Payment (Principal + Interest)
$3,317,183
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.