992 Allenby Rd Errington, BC V9P 2A9
Listing Courtesy of: VIVA / Listed By: Re/Max First Realty (pk)

  992 Allenby Rd Errington, BC V9P 2A9

Active (172 Days)
$1,350,000 (CAD)
See Similar Listings

Description

Investment property of .82 Acres with 9 rentable single tenant units with a high yield income asset (7-10% Cap Rate. This 3 title parcel which can not be subdivided is only 5 minutes to downtown Parksville and is in great condition. The Current Owners have expended time and energy over 14 years into maintaining and repairing as required and have skillfully built a cohesive group of excellent, mostly contented, tenants with an almost guaranteed income for the owner of $75,000 net of expenses per year.
The homes consist of a Fourplex, a Duplex with Storage Room, a Double Wide Mobile home, a Single wide mobile home and a Cabin. There is also a communal Laundry Building.
There is enough water to cover all of the Homes and buildings and also service 3 Allsbrook properties with legal parameters established and documented by Heath Law.
There are 3 Septic Fields and 3 separate tanks.
The area is well treed providing green aspects, shade and privacy for Tenants .Call now to view.

MLS®:
1028092
Taxes
$5,940(2025)
Lot Size
0.83 acres
Type
Single-Family Home
County
Nanaimo

Listed By

Vivien Sears, Re/Max First Realty (pk)
Source
VIVA
Last checked Aug 28 2026 at 6:29 AM EDT
Bathroom Details
Interior Features
  • Laundry: Common Area
Property Features
  • Fireplace: 0
  • Foundation: Other
Heating and Cooling
  • Electric
  • None
Basement Information
  • Other
Exterior Features
  • Roof: Other
Utility Information
  • Sewer: Septic System
Parking
  • Open
  • Total: 15
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Disclaimer: Copyright 2026 Victoria Real Estate Board. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/27/26 23:29

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