5 days on Market

1731 DAR'S PLACE, Qualicum Beach, British Columbia V9K2S3

Condo
-
-
~2200 sqft
$591,000
Get pre-qualifiedPowered by nesto
Condo
-
-
~2200 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market5 days

Estimated valueNot available

Price/Sqft$268/sqft

Monthly cost

Open Calculator

Description

INVESTMENT OPPORTUNITY + 0% SELLER FINANCING! Acquire an income-producing property just 15 min. north of Qualicum Beach with an attractive combination of cash-flow potential,favourable financing and flexible use. Est. annual rental income is $39K,with approx.$9K in operating costs,leaving approximately $30K in annual cash flow before financing and a net ROI of approx.5%.Adding significant value,the Seller is offering up to $100K in financing at 0% interest for 12 years,potentially saving the buyer $50K+ in interest compared with conventional financing. This unusual financing structure can make ownership more attainable while improving the overall investment proposition. The property features a bright 2-bdrm/2-ba main home plus a fully self-contained 2-bdrm/1-ba suite,currently generating $1,300/mo. in rental income,with a tenant who would like to stay and a lease in place until 8/2027.The configuration provides flexibility for investors seeking long-term rental income,furnished/vacation accommodation,or an owner-occupied property with supplemental income,subject to applicable regulations. Quality features include maple hardwood,Brazilian cherry flooring,Corian counters,a heat pump,propane fireplace and a sunny 20x20 deck.Furniture on the main floor is included,making it well suited to a furnished rental strategy. Whether your priority is generating income,building equity,or creating a flexible property with multiple potential uses,this is an opportunity worth examining. Income + 0% seller financing + existing tenancy + future flexibility make this a compelling investment proposition in the Qualicum Beach area. (id:39198)


Property Details

StyleOther
View-
Age of property2006
SqFt~2200 SqFt
Lot Size-
Parking Spaces2
MLS ®Number1048125
Community NameNanaimo
Data SourceCREA
Listing byeXp Realty (NA)

Features

Heating: Heat Pump, Baseboard heaters, Electric
Cooling: See Remarks

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by eXp Realty (NA), Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget

Powered by:
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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.