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 August 10, 2022 at 12:05 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$819,450
Min list price:
$550,000
Max list price:
$2,699,900
Avg days on market:
34
Min days on market:
4
Max days on market:
146
Avg price per sq.ft.:
$608.72
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