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Listed by Gillian Lowe eXp Realty (DU)
$ 3,690,000
Est. payment /mo
New
10862 Chemainus Rd ##1 Chemainus, BC V9G 2A4
1.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1042470
HOA Y/N No
Annual Tax Amount $24,388
Tax Year 2025
Lot Size 1.300 Acres
Acres 1.3
Property Sub-Type Mixed Use
Property Description
This established mini storage facility in Saltair offers an excellent investment opportunity. With over 150 units, it is being offered at over a 6% cap rate. It has strong local demand, including waitlists for select unit sizes, providing dependable cash flow and long-term stability. Recent upgrades include fresh exterior paint, new crushed gravel throughout, upgraded LED lighting, and a newly implemented software system with automated payment collection, making day-to-day operations efficient and low maintenance. The property also offers excellent expansion potential, with opportunities to increase outdoor storage or add additional portable storage units to further grow revenue. With established income, modernized systems, recent capital improvements, and room to expand, this turnkey commercial asset is a rare find in a growing Vancouver Island market.
Location
Province BC
County Cowichan Valley Regional District
Community Du Chemainus
Area Duncan
Interior
Fireplace No
Exterior
Exterior Feature Fencing: Full, Lighting
Parking Features On Site
View Y/N No
Street Surface Unimproved
Garage No
Building
Lot Description Easy Access, Level
Others
Ownership Freehold/Strata
Virtual Tour https://youtube.com/shorts/eJB1aLLocQQ?feature=share
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