Commercial and Investment Listings in Duncan and the Cowichan Valley

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Category: Commercial & Investments
Thumbnail	Listing Description
Click to view Falcon Nest Motel 5867 Trans Canada Hwy $1,499,900	Falcon Nest Motel: Falcon Nest Motel, Great Location with lots of Development Potential. 31,799 sq ft of C2 Zoned land fronting on the busy Trans Canada Highway in Duncan. 24 rooms plus a 1 Bedroom Apartment and Bonus, a 3 Bedroom Apartment. Good occupancy, outdoor pool. Close Walking Distance to everything; Restaurants, Community Centre, Pool, Library, Arena, Cowichan Sports Complex, Vancouver Island University. Positive financial statement. The adjoining property, a fully rented 6 Plex, MLS 265912 is also available making a great land amalgamation for a development site with frontages on both the Trans Canada Hwy and York Rd.
Click to view 5864 York Road $599,900	5864 York Road: Older 6 Plex Centrally Located. 11,180 sq ft of land zoned C2. Always rented. Each townhouse is 2 storey, 1,000 sq ft, 2 bedroom, 1 1/2 baths. Walk to everything; Community Centre, Pool, Library, Schools, Shopping, Vancouver Island University, etc. 4 units rented @ $650 per month, 2 @ $600 per month. Gross Rents $3,800 per month = $45,600 per year. Expenses: insurance $5,000, taxes $3,913 leaving Net Income of $36,687. Rent could be increased with upgrading. If sold in conjunction with the Falcon Nest Motel mls 265914, fronting on the Trans Canada Hwy price is discounted by $100,000 to $499,900. Both together would make an excellent land amalgamation for a Development Site, with frontages on both the Highway and York Road.
Click to view The Dogwood SOLD	The Dogwood - 560 Jubilee St: Deluxe maintenance free Investment Property. 6 new strata title 2 bedroom condominiums under construction. Professionally designed & built by award winning Suncraft Construction. Central location, walk to everything; public transit, shopping, community centre, new pool, library, Malaspina College, revitalized Centennial Park, etc. Two - 2 bedroom ground floor units, wheelchair accessible with private yards & crawlspaces. 4 upper units with 2 bedrooms/2 baths. All include stainless steel stove, fridge, dishwasher, microwave/hood fan, white stacking washer/dryer & window blinds & screens. 1 parking stall per unit + guest parking. Small pets & rentals allowed. No age restriction. 10 year new home warranty. Great opportunity to own a maintenance free new strata titled building with option of selling individual suites. Should rent for approximately $1150/month each = $82800/year gross less expenses of strata fees $9000 & taxes estimated $7200 = $66600 net income Under Commercial Development
Click to view 360 & 370 Brae Rd. SOLD	360 & 370 Brae Road: Multi-family site. Zoning allows for 28 suites. Located in the heart of Duncan. Prime location, fully serviced. 4 separate 60 x 130 lots = 31,200 sq.ft + 2 lovely large older houses, rented at $800 per month each, with frontages on 2 roads, Brae Rd & Ypres Street. Zoned RM3 and RM4. The 4 titles and 2 road frontages offer many creative project layout and phases options. Walk to town, shopping, community center, library, pool, mall, Malaspina College, parks, public transit, etc. Well priced at $39,250 per unit land cost. A very rare opportunity for the best multi-family site in Duncan.