INVESTOR ALERT! Two half duplexes are ideally being sold together, making a full duplex with 4 kitchens, 9 bedrooms and 5 bathrooms. Ideal for the investor or owner occupier! This half of the duplex has three bedrooms and two bathrooms upstairs, and a two bedroom, one bathroom mortgage helper downstairs. Located in beautiful View Royal, this centrally located home is minutes to Langford and to Downtown, a stone’s throw to the Galloping Goose trail and Thetis Lake and a not only is it close to several elementary, middle and high schools, but it is a mere five-minute drive to Royal Roads University. This full duplex grosses a total of $7,294.25/month in rental income (plus the tenants pay their own hydro) and has a cap rate of 4.07%, though the owner believes that an increase to $7,977.27/month with a cap rate of 4.52% is very possible. Can be sold together with 361 Kislingbury Lane (MLS #901390).
Listed by Pemberton Holmes - Cloverdale, sold on July, 2022
Data was last updated March 21, 2023 at 06:05 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$814,450
Min list price:
$479,000
Max list price:
$2,770,000
Avg days on market:
32
Min days on market:
3
Max days on market:
318
Avg price per sq.ft.:
$587.61
These statistics are generated based on the current listing's property type
and located in
VR Six Mile. Average values are
derived using median calculations.
Glenn Nicholls & Tara Pankhurst