About This Property
Updated commercial/residential 4-plex in downtown Chemainus for sale. . Upstairs features two fully renovated 1 bedroom apartments used as authorized Airbnb rentals with steady income. Downstairs left side rented out to a long term commercial tenant (hair stylist). Bottom right side is formatted for a 1 bedroom residential rental but could also be used for a commercial tenant or professional office. This is a great opportunity for a flexible income property or a live/work space. Aprox 7% cap rate fully rented in 2026. Great location across from the Chemainus Theatre. DO NOT disturb tenants. Info package available. Make an appointment to view to today. (id:64973)
The $967 per square foot asking price for this 4-plex in Chemainus is in line with the local market, reflecting its desirable downtown location and mix of commercial and residential units. This property is well-suited for investors seeking a diversified income stream, with a reported 7% capitalization rate and the potential to optimize the use of the flexible commercial/residential spaces.
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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
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