2068 Townsend Rd

Well-kept and managed Revenue property in Sooke! This 6-unit apartment building is the only rental apartment in the downtown core of Sooke. This building and all suites have been recently renovated. The fully occupied building features a separate coin-operated laundry, storage area, plenty of parking, and even some ocean views! Monitored security/cameras/fire alarm, keyless entry to all common areas, gas-fired hot water heat, and boiler. The roof was replaced just a few years ago with new downspouts and flashing. Large, low-maintenance property with plenty of outdoor space for tenants to enjoy. This property is also in Sooke's City Town Core area, which allows redevelopment of 6 stories (up to 25m). The RM5 Apartment Zoning allows up to 85% site coverage , making it possible to build up to 50,000sqft of building. It is conveniently located right across from the main mall in Sooke - Evergreen Centre. Gross rents are over $128k per year. This property is within walking distance of countless amenities, shopping, restaurants, and local transit. (id:22211)