784 7th Street, No City Value
This fourplex is an 8 bed, 8 bath, brand new development in the City of Courtenay on Vancouver Island, BC. Close to shopping, schools, transportation. There are many new multi-family properties in the area & rentals like these are in high demand with less than 1% vacancy rates! Each suite features its own kitchen with quartz countertops, all appliances, vinyl flooring for easy long term maintenance, insuite laundry & bike storage, plus private balcony or patio space. Multi-generational or co-housing opportunities. 'House hack' by living in one unit & renting out the other suites, or stratifying to sell off units in the future. Approximately 4.5% cap rate, great holding property.
Taxes (2019): $1,666.00