UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,128 sqft
Price per Sqft $196
MLS Listing ID 1023487
Style Duplex Side/Side
Bedrooms 8
HOA Y/N No
Year Built 1997
Annual Tax Amount $4,124
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Quadruplex
Property Description
Versatile fourplex ideal for investors, multi-generational living, or owner-occupiers. Live in one unit while the others help offset your mortgage, or rent all four for steady cash flow. Over the past 10 years, renting just two units short-term has generated an average annual income of $62,000, highlighting strong earning potential.
The well-maintained building offers two upper units with three bedrooms and two bathrooms, plus two main-floor units with one bedroom and one bathroom. All units are fully self-contained with private exterior entrances. Shared laundry and storage rooms are located on both sides of the building.
Situated on a quiet, south-facing cul-de-sac with ocean views and close to walking trails. Located in Alert Bay, just a 45-minute ferry ride from Port McNeill, with essential services and a growing eco-tourism and cultural presence.
Location
Province BC
County Alert Bay, Village Of
Community Isl Alert Bay
Area Islands
Zoning RR2
Rooms
Kitchen 4
Interior
Interior Features Dining/Living Combo, Furnished
Heating Baseboard, Electric
Cooling None
Flooring Mixed
Fireplace No
Appliance Dryer, F/S/W/D, Refrigerator, Washer
Laundry In House
Exterior
Exterior Feature Balcony/Patio, Low Maintenance Yard
Parking Features Additional Parking, Driveway, On Street
Garage Spaces 3.0
View Y/N true
View Lake
Roof Type Fibreglass Shingle
Street Surface Paved
Total Parking Spaces 3
Garage No
Building
Lot Description Landscaped, Marina Nearby, No Through Road, Quiet Area, Recreation Nearby, Southern Exposure
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Restrictions ALR: No
Ownership Freehold
Special Listing Condition Resale