Description
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 stones 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).
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5BEDS
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0.1ACRES
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3BATHS
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01/2 BATHS
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1,953SQFT
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$486$/SQFT
Description
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 stones 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).
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Data last updated: 2022-05-17T16:22:13.77.