South Vancouver Island Multi-Family Homes For Sale
319 Multi Family Results Island Wide, From $509,900South Vancouver Island multi family homes for sale currently return 319 results, starting near $510,000. The filter searches island wide rather than staying inside the south island, so Nanaimo and mid island listings appear in the mix. Read the addresses first, then narrow by municipality once you know which market you want.
312 Properties Available
5 Beds4 Baths2,820 SqFt3DNew$1,099,900
3 Beds3 Baths1,916 SqFt1/58 58New$1,499,800
4 Beds4 Baths2,097 SqFt1/38 38New$1,275,000
3 Beds3 Baths2,183 SqFt1/44 44New$709,000
3 Beds2 Baths1,327 SqFt1/2 2New$545,000
5 Beds4 Baths2,646 SqFt3DNew$1,099,900
3 Beds3 Baths1,519 SqFt1/21 21New$1,325,000
3 Beds4 Baths2,382 SqFt1/46 46New$1,549,000
5 Beds5 Baths3,375 SqFt1/9 9New$2,649,000
4 Beds2 Baths2,058 SqFt1/31 31New$790,000
3 Beds1 Bath988 SqFt1/54 54New$624,900
5 Beds4 Baths2,802 SqFt1/52 52Open Sat 1PM-3PM$1,100,000
3 Beds3 Baths2,167 SqFt1/50 50New$975,000
3 Beds3 Baths1,726 SqFt1/33 33New$845,000
3 Beds2 Baths1,661 SqFt1/33 33New$840,000
13 Beds7 Baths6,669 SqFt1/88 88New$3,290,000
2 Beds2 Baths1,789 SqFt1/46 46Open Sat 1PM-3PM$1,199,000
3 Beds2 Baths1,483 SqFt1/32 32New$669,000
3 Beds1 Bath1,184 SqFt3DOpen Sat 2:45PM-4:30PM$699,000
3 Beds3 Baths1,735 SqFt3DNew$740,000
4 Beds4 Baths2,592 SqFt1/39 39New$1,575,000
3 Beds3 Baths2,345 SqFt1/36 36Open Sun 2PM-4PM$1,699,000
2 Beds2 Baths1,300 SqFt1/66 66New$549,900
4 Beds3 Baths2,155 SqFt3DNew$1,055,000
Zoning changes have widened what is possible. Provincial small scale multi unit rules and municipal updates have opened more density on lots that used to allow one house, so some of the better opportunities now sit on ordinary single family lots rather than in existing buildings.
Verify the income and the expenses, do not accept a projection. Ask for the current agreements, the utility split, insurance, taxes and the maintenance history. A capitalization rate built on optimistic numbers is a story, not an analysis.
Financing multi unit is its own process. Up to four units a property can often be financed much like a house, and five or more moves into commercial lending with different rates, terms and appraisal requirements. Know which side of that line you are on before you write.