Share
$1,350,000
British Columbia,Errington
For Sale Active
992 Allenby Rd, Errington, British Columbia V9P2A9
Contact Seller
Basic Details
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. Tenants have established gathering, relaxing and cook-out spaces as well as play space. The zoning is R3 Village Residential 3. The current use is and has always been Legal Non Conforming. It could not be rebuilt to 9 units in the event of a fire but this zoning does allow for ”Care Services for 10 persons” as well as ”Accessory Buildings and Structures”. The logistics of showing individual or all units will require time and negotiation. Please feel free to phone your favourite residential or Commercial Realtor to arrange. with the Listing Agent. (id:62650)

Read More
Basic Details
  • Property Type: Other
  • Listing Type: For Sale
  • Listing ID: 1028092
  • Price: $1,350,000
  • Status: Active
  • Office Name: RE/MAX First Realty (PK)
  • Property Sub Type: Other
  • Office Key: 130982
Features & Appliances
Features
  • Heating System: Electric
  • Cooling System: None
  • Parking: Open
Address Map
  • Location: CA, British Columbia, Errington, V9P2A9
  • Street: Allenby
  • Street Number: 992
  • Street Suffix: Road
  • Longitude: W125° 40' 29.7''
  • Latitude: N49° 18' 15.8''
  • Zoning: Non-conforming
Additional Information
  • Lot Size Dimensions: 0.83
Financial
  • Tax Annual Amount: 5940.47
Powered by REALTOR.ca
Listing updated: 2026-03-12 18:27:33
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Similar Properties
Listing Information
  • List Agent Key: 1435835
  • List Office Key: 130982
  • Modification Timestamp: 2026-03-10T21:20:44Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-03-10T21:12:25Z
Powered by REALTOR.ca
Listing updated: 2026-03-12 18:27:33
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By‐Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association.

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non‐commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

By continuing to use this website and its services, you agree to these

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!