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161 South Shore Rd | $997,000
Martin Velsen Agent Photo
Martin Velsen
Martin Velsen
P. (250) 751-1223
 Phone Martin martin@martinvelsen.com martinvelsen.com
RE/MAX OF NANAIMO
#1 - 5140 Metral Drive
 Nanaimo, BC
 Canada V9T 2K8

Details

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Address 161 South Shore Rd
AreaDuncan
Sub AreaLake Cowichan
State/ProvinceBritish Columbia
CountryCanada
Price$997,000
Property TypeSingle Family
Bedrooms10
Bathrooms5
Floor Space3880 Square Feet
Lot Size6000.00 Square Feet
WaterfrontNo
Year Built0
Taxes $4,357
Tax Year2024
MLS® #974186

C-1 Commercially zoned investment property in Lake Cowichan represents a great opportunity to perhaps live in one of the units & have the others help pay the mortgage. There are 2 separate buildings with 5 total rental units that are all occupied. Larger building has a 5 bedroom suite that takes up the main & upper levels & 2 one bedroom suites in the lower level. The second building is a rancher style with a 2 bedroom suite on one side & a 1 bedroom suite on the other side. In the last 8-9 years the larger, older building was pretty much completely renovated and brought up to code. Both buildings have cedar siding, vinyl windows, good roofs & there is 400 amps total power with each unit having a separate meter in the dedicated power room. Each unit has a fridge, stove, washer, dryer, hot water tank & there is an alarm system that notifies each unit if there is fire/smoke in any of the other units. Close to restaurants, pub, shops, drug store, school, arena & a park on the river.

Listed by Sutton Group West Coast Realty - Duncan

NOTE: VIREB IDX Reciprocity listings are displayed inaccordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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About

My family immigrated to Lantzville in the 1880s and I was born in the Old Hospital on Machleary Street in Nanaimo in the 1960s. I grew up in Nanaimo on Departure Bay Road–right across from Rock City School. My father worked at the Biological Station and every landmark brings back memories of a lifetime lived in the same area.

Licensed as a Realtor in 1993, I have been fortunate to be selling real estate and homes in and around the central island area for more than 20 years. Google Earth is amazing, and you feel like you can know a place pretty quickly, but nothing beats having footprints in all the corners. I’ve hiked the local mountains, swam in all the lakes and driven every road. I went to school here, had my first job here, and my dad taught me to drive here. I even remember going through the old A&W (now a Speedy Muffler).

I embrace integrity as the guiding principal to every decision I make. Quite possibly the most important aspect of my relationship with you is our communication. Clear, honest, timely, and accurate communication. As we work together, our relationship will evolve and change, but it’s important that the core value of mutual respect and appreciation for each other’s point of view will always remain.

My mission is simple: to promise a lot and deliver more. How do I do that? By communicating clearly, listening to my clients’ needs, providing remarkable service to clients while keeping in mind my guiding principles, and fairly representing my clients in the attainment of their real estate goals.

To put it simply, I never forget that I am working for you. I hold integrity, strength, honour, family, perseverance, patience, knowledge and balance as key aspects of my life, and apply those values to every part of my work as a real estate agent.

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