Rare investment opportunity - 38 unit MHP on central Vancouver Island with some vendor financing available at favourable terms for a qualified buyer. Newer park completed in 1997 on 10.6 acres with high quality infrastructure and part time service manager of 20 years in place. The property is comprised of 38 well laid out, landscaped larger pad sites; 1 vacant park owned 1 bedroom home; 2 under utilised RV storage compounds; large workshop; and exemplary utility building. There are 2 septic systems in place; a 30gpm drilled well plus a 30gpm shallow natural spring well providing ample high quality water to adequately service the 38 manufactured homes. Water has never been an issue in the park even throughout the driest summers. In discussion with the RDN, they have indicated that there may be room for 3 to 5 additional units. Pad rents are well below market rent providing substantial opportunity for increased revenue.
Listed by Sandy Clark
of Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated December 9, 2023 at 08:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$3,600,000
Min list price:
$98,000
Max list price:
$15,960,000
Avg days on market:
67
Min days on market:
39
Max days on market:
274
These statistics are generated based on the current listing's property type
and located in
PQ Errington/Coombs/Hilliers. Average values are
derived using median calculations.
Stunning 3 bed, 2.5 bath custom built ~3000 sqft Rancher with southern exposure & beautiful mountain
views. Set on a peaceful, fully fenced parcel just under...