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Listing REALTORS®
Brad Archibald, REALTOR<sup>®</sup>

Brad Archibald

REALTOR®

Colliers International (Nan)

Ben Wedge, REALTOR<sup>®</sup>

Ben Wedge

REALTOR®

Colliers International (Nan)

Choose a REALTOR®
Listing REALTORS®
Brad Archibald, REALTOR<sup>®</sup>

Brad Archibald

REALTOR®

Colliers International (Nan)

Ben Wedge, REALTOR<sup>®</sup>

Ben Wedge

REALTOR®

Colliers International (Nan)

Multi-family for sale

2235 Mountview Cres, Port McNeill

$4,450,000 or
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Multi-family for sale in Port McNeill, Port McNeill, 2235 Mountview Cres, 1004796 | Realtylink.org
Multi-family for sale in Port McNeill, Port McNeill, 2235 Mountview Cres, 1004796 | Realtylink.org Multi-family for sale in Port McNeill, Port McNeill, 2235 Mountview Cres, 1004796 | Realtylink.org Multi-family for sale in Port McNeill, Port McNeill, 2235 Mountview Cres, 1004796 | Realtylink.org Multi-family for sale in Port McNeill, Port McNeill, 2235 Mountview Cres, 1004796 | Realtylink.org
$4,450,000 or

Multi-family for sale

2235 Mountview Cres, Port McNeill

PORTMCNEILL

Features

Lifestyle
1004796 4450000 /en/multi-family~for-sale~port-mcneill/1004796 /en/multi-family~for-sale~port-mcneill/1004796 /en/multi-family~for-sale~port-mcneill/1004796/photos 50.5858200000 -127.0756800000 true
Gross Property Tax
$14,749 /year
Zoning
RM-1
Total no. of Units
2
37

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. Located on the northern coast of Vancouver Island, Port McNeill is part of a region with a diverse and resource-based economy. The community relies on several key sectors, including forestry, fishing, tourism, aquaculture, and mining. These industries are closely tied to the region'a natural environment and play a central role in local employment and economic activity. 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; the buildings have been well maintained, with numerous updates, renovations, and capital improvements completed by the current owner; and potential option to stratify the Property. Buyers to complete their own due diligence. Cap rate is 7.85% and properties to be sold together
MLS® Number 1004796
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Listing REALTORS®

Brad Archibald, REALTOR<sup>®</sup>

Brad Archibald

REALTOR®
250-740-1060

Colliers International (Nan)

Ben Wedge, REALTOR<sup>®</sup>

Ben Wedge

REALTOR®
250-414-8449

Colliers International (Nan)

Location

In accordance with our Terms of Use, location data are provided to you “as-is”, without warranty. Any liability arising from location data is expressly excluded.
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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.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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