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$ 4,450,000
Est. payment | /mo
$ 4,450,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1004796
Rental Info Unrestricted
Annual Tax Amount $14,749
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Exceptional opportunity to acquire two townhome rental buildings comprising 33 units, offering substantial rental upside in the growing town of Port McNeill on Vancouver Island, BC. Both properties enjoy prime locations within Port McNeill. 2235 Mountview Crescent is situated directly beside Sunset Elementary and North Island Secondary School, making it ideal for families. This property showcases panoramic north facing ocean views. Meanwhile, 2801 Mine Road is positioned next to Port McNeill Hospital, offering strong appeal for healthcare workers and residents alike. Each site provides convenient access to the town's amenities, services, businesses, and schools. Investment highlights include: current rental rates are below market, as demonstrated by the rent roll compared to more recently secured rents-offering a strong value-add opportunity for investors seeking upside potential; and the buildings have been well maintained by current owner. Cap rate is 7.85
Location
Province BC
County Port Mcneill, Town Of
Area Ni Port Mcneill
Zoning RM-1
Exterior
Parking On Site 1
Others
Tax ID 002-801-973
Ownership Freehold
Listed by Colliers International (Nan)