This Columbia Beach home will generate Revenue by Jan 1 2019 and is expected to be valued at $450K by then. That would be an amazing 10%+ on ROI for the Savy Investor in rental income, and an estimated 20%+ in property value. Owner looking to buy up island in the Campbell River region as long term investment.
This is one of the best values in the Parksville Qualicum area for those that are looking for a beautiful affordable 3 bedroom home in Canada’s Most Sought after Paradise was built in 1980 and has just been refurbished with a brand new roof with transferable warranty. For the shrewd investor, this property can provide a solid investment return. Although the property is currently under a 5 year lease with very responsible tenants and will become available in Jan 2019, the value is estimated to increase by at least another 20% by then.
The home is situated in Columbia Beach’s secret weather haven with far less rainfall then Nanaimo or Victoria. The utilities for this home is very economical as it is well insulated throughout and heated by Woodstove (2 cords) with Electric back up. Average Hydro bill is less than $90 month. Fully fenced yard with various fruit trees including apples, peaches, plums and figs. Fully insulated attached garage. The property is currently rented by Solid tenants. Utilities are responsibility of the tenants. Owner looking to sell outright with tenants in place and there in lies the reason for one of the best valued property prices currently posted.
Lot size is .019 Acres
Plenty of Room for RV parking
Taxes for 2016 $1745 (paid)
1561 Sharon Place