We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
992 Allenby Rd, ERRINGTON
2026-03-10
Quick Summary
- Location
- 992 Allenby Rd, ERRINGTON, British Columbia V9P2A9
- Price
- $1,350,000
- Status:
- For Sale
- Property Type:
- Other
MLS®#1028092
Property 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:32467)
Property Features
Building
- Cooling Type: None
- Fireplace: No
- Building Type: Other
Land
- Land Size: 0.83 ac
Ownership
- Type: Freehold
Zoning
- Description: R3
Information entered by RE/MAX First Realty (PK)
Listing information last updated on: 2026-03-10 21:12:25
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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James Andersen REALTOR®
- Phone:
- (250) 618-6063
- Mobile:
- (250) 618-6063
- Email:
- islandwestcoastliving@gmail.com
- Support Area:
- Qualicum Beach, Parksville, Coombs, Errington, French Creek
Over 300 Successful Real Estate DealsThrough his years of sales, customer service, marketing and exp ...
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