3117 Van Horne Road, Errington

 homes for sale - 3117 Van Horne Road, Errington | Clinton Miller, Errington REALTOR ®

ATTENTION INVESTORS 8% CAP! Rental income equals $75,876.00. Net per year! Current monthly income $7,450.00 and after expenses $6,323.00. net That is an 8% CAP rate which might be one of the best around. This amazing property has 1 huge commercial shops, another shop that has been converted into a living space (could always be converted back) plus 9 rentals & 1 fully fenced compound. Current monthly return is as follows: Shop #1, (650 sq.ft, $700), A-1 (1 bed, 1 bath, 750 sq ft $650) Shop #2 (2500 sqft $1,200.), A-2 (1 bed, 1 bath $475), A-3 (2 bed, 1 bath $575.), fenced compound ($550) T-2 (2 bed, 1 bath 980 sqft, $700), T-5 (2 bed, 2 bath 540 sqft $750) T-7 (3 bed, 1 bath 980 sqft $750) H-7 (2 bed, 1 bath 11 sqft $750), T-8 (3 bed, 1 bath 840 sqft $800), H-9 (1 bed, 1 bath 700 sqft $350). Total expenses per month are $1127 Don't miss out on this investment opportunity!

Property Details

$949,000 Calculate Mortgage Payment

  • MLS® #: 422392
  • Bedrooms: 0
  • Bathrooms: 0
  • Land Size: 1.32 ac



Property Brokerage: Royal Lepage Parksville-qualicum Beach Realty (pbo)

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