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937444 3600000 /en/multi-family~for-sale~hilliers/937444?view=Summary /en/multi-family~for-sale~hilliers/937444/photos 49.3005500000 -124.3599300000 true
Gross Property Tax
MH-9 and MH-10
Propane Tank, Other Improvements
Acreage, Adult-Oriented Neighbourhood, Central Location, Curb & Gutter, Easy Access, Gated Community, Irrigation Sprinkler(s), Landscaped, Level, Marina Nearby, Near Golf Course, No Through Road, Park Setting, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Rural Setting, Serviced, Shopping Nearby, See Remarks
Total no. of Units
Rare investment opportunity - 38 unit MHP on central Vancouver Island. Newer park completed in 1997 on 10.6 acres with high quality infrastructure and part time service manager of 20 years in place to tend to utilities and maintenance. The property is comprised of 38 well laid out, landscaped larger pad sites; 1 park owned vacant 1 bedroom home; 2 under utilised RV storage compounds; large workshop; and exemplary utility building. There are 2 regularly serviced septic systems in place; a 30gpm drilled well that is run at 9gpm providing ample water to more than adequately service the 38 manufactured homes; and a shallow natural spring well that supplies high quality water and 30gpm pressure used for irrigation. Water has never been an issue in the park even throughout the driest summers. In discussion with the RDN, they have indicated that there may be room for 3 to 5 additional units. Some favourable vendor financing may be available for a qualified buyer. Substantial room for increased revenue as the majority of the units are paying well below market rent.MLS® Number 937444
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- The amounts shown above are for information purposes only and do not include taxes, if applicable.
- You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
- This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
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