Description
VTB (FIRST MORTGAGE ONLY) of up to 70% of accepted offer price, 3 year term at 5% interest only, possible for a qualified Buyer, approved and provided at the sole discretion of the Seller. Seller open to options! Multi Family revenue property that is exceptionally well located near ocean and amenities. Calling all investors and aspiring investors: PRESENTING AN opportunity to own a multifamily/Commercial property in the core of downtown. The vacancy rate is minimal in this rental market. 21 units rented for $600 each makes for a hefty income not to mention there is a convention centre, restaurant, Bar, stripper bar, office space and lots of parking the potential on this building is endless. Some TLC from the right owner can turn this opportunity into a money-making-machine. Development Permit for additional 2 stories of residence was approved but has lapsed. Seller is motivated and open to partnership and financing options.Buyer to verify measurements if fundamental to the purchase.
-
0BEDS
-
0.67ACRES
-
0BATHS
-
01/2 BATHS
Description
VTB (FIRST MORTGAGE ONLY) of up to 70% of accepted offer price, 3 year term at 5% interest only, possible for a qualified Buyer, approved and provided at the sole discretion of the Seller. Seller open to options! Multi Family revenue property that is exceptionally well located near ocean and amenities. Calling all investors and aspiring investors: PRESENTING AN opportunity to own a multifamily/Commercial property in the core of downtown. The vacancy rate is minimal in this rental market. 21 units rented for $600 each makes for a hefty income not to mention there is a convention centre, restaurant, Bar, stripper bar, office space and lots of parking the potential on this building is endless. Some TLC from the right owner can turn this opportunity into a money-making-machine. Development Permit for additional 2 stories of residence was approved but has lapsed. Seller is motivated and open to partnership and financing options.Buyer to verify measurements if fundamental to the purchase.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Martin Velsen Real Estate Team | RE/MAX of Nanaimo.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by
real estate professionals who are members of CREA. Used under license.
Data last updated: 2023-09-24T13:22:14.183.