INVESTMENT OPPORTUNITY + 0% SELLER FINANCING! ROI...5.2%... Acquire an income-producing property just 15 min. north of Qualicum Beach with an attractive combination of cash-flow potential,favourable financing and flexible use. Est. annual rental income is $39K,with approx.$9K in operating costs,leaving approximately $30K in annual cash flow before financing and a net ROI of 5.2%. The property features a bright 2-bdrm/2-ba main home plus a fully self-contained 2-bdrm/1-ba suite,currently generating $1,300/mo. in rental income,with a tenant who would like to stay and a lease in place until 8/2027.The configuration provides flexibility for investors seeking long-term rental income,furnished/vacation accommodation,or an owner-occupied property with supplemental income,subject to applicable regulations. Quality features include maple hardwood,Brazilian cherry flooring,Corian counters,a heat pump,propane fireplace and a sunny 20x20 deck.Furniture on the main floor is included,making it well suited to a furnished rental strategy. Whether your priority is generating income,building equity,or creating a flexible property with multiple potential uses,this is an opportunity worth examining. Income + 0% seller financing + existing tenancy + future flexibility make this a compelling investment proposition in the Qualicum Beach area. (id:13843)
| MLS # | 1048125 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Strata Fees | $230 |
| Status | Active |
| Year | 2006 |
| Days On Site | 48 |
| Listing Provided By | eXp Realty (NA) | Deborah Nicol |
| SQ Feet | 2,200 |
|---|---|
| Zoning | Unknown |
| Acreage | 0.25 |
| Cooling | See Remarks |
|---|---|
| Heating | Heat Pump, Baseboard heaters, Electric |
| Fireplace Yes / No | No |
| Parking Total | 2 |
|---|
| Tax Annual Amount | 2284 |
|---|---|
| Tax Block | 526 |
| Tax Lot | SL104 |
| Province | BC |
|---|---|
| City | Qualicum Beach |
| Postal Code | V9K2S3 |
| Listing VS Median (in V9K2S3) | |
Price: $569,500 low | high Med: $799,500 sqft: 2,200 low | high Med: 2,408 $ / sqft: $259 low | high Med: $332 On site: 48 low | high Med: 179.5 | |
| Province | BC |
|---|---|
| City | Qualicum Beach |
| Postal Code | V9K2S3 |
| Listing VS Median (in V9K2S3) | |
Price: $569,500 low | high Med: $799,500 sqft: 2,200 low | high Med: 2,408 $ / sqft: $259 low | high Med: $332 On site: 48 low | high Med: 179.5 | |