1731 Dar's Pl, Qualicum Beach, British Columbia V9K 2S3

Listed for:
$591,000
0 beds
0 baths
Listed 6 days ago
Other for rent: 1731 Dar's Pl, Qualicum Beach, British Columbia V9K 2S3

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About

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:27476)

Property Highlights

MLS® Number
1048125
Type
Other
Maintenance Fee
230.00
Ownership Type
Strata
Land Size
11086 sqft
Parking Space Total
2

Building

Building Type
Other
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters, Heat Pump
Heating Fuel
Electric
Building Cooling Type
See Remarks

Location

Learn more about this property
Listing provided by:
eXp Realty (NA)
MLS® number:
1048125
Agent:
Deborah Nicol
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