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.
311 Properties Available
3 Beds3 Baths1,670 SqFt1/35 35Active$679,900
4 Beds4 Baths2,129 SqFt3DActive$699,000
3 Beds3 Baths1,940 SqFt1/40 40Active$749,900
4 Beds4 Baths1,918 SqFt3DOpen Sat 12PM-1:30PM$729,900
3 Beds3 Baths1,685 SqFt1/34 34Pending$549,800
3 Beds3 Baths1,458 SqFt1/29 29Pending$649,900
2 Beds1 Bath1,134 SqFt1/28 28Active$729,000
4 Beds4 Baths2,615 SqFt1/45 45Active$939,900
4 Beds4 Baths2,615 SqFt1/48 48Active$939,900
3 Beds3 Baths1,790 SqFt1/41 41Active$950,000
3 Beds3 Baths1,790 SqFt1/41 41Active$950,000
3 Beds3 Baths1,582 SqFt3DOpen Sat 10AM-11:30AM$635,000
6 Beds2 Baths2,317 SqFt1/3 3Active$849,900
6 Beds2 Baths2,317 SqFtActive$849,900
6 Beds2 Baths2,317 SqFtActive$849,900
6 Beds2 Baths2,317 SqFtActive$849,900
4 Beds3 Baths1,905 SqFt1/8 8Active$799,000
4 Beds3 Baths1,890 SqFt1/8 8Active$799,000
5 Beds3 Baths2,194 SqFt3DPending$1,099,900
2 Beds2 Baths1,340 SqFt3DPending$769,000
3 Beds2 Baths1,404 SqFt1/54 54Active$549,900
3 Beds2 Baths1,285 SqFt3DPending$880,000
3 Beds2 Baths1,350 SqFt3DPending$355,000
3 Beds3 Baths1,594 SqFt3DActive$599,999
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.