992 Allenby Rd
Errington
V9P 2A9
$1,350,000
Residential
beds: 0
baths: 0.0
0 sq. ft.
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1028092
- Photos (23)
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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 for Tenants .Call now to view.
- Property Type:
- Residential
- Type:
- Other
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 0 sq. ft.
- Listing General Location:
- PQ Errington/Coombs/Hilliers, Parksville/Qualicum
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Size:
- 0.83 acre(s)
- Kitchens:
- 0
- Taxes:
- Signup
- Construction:
- Other
- New Construction:
- No
- Basement:
- Other
- Foundation:
- Other
- Roof:
- Other
- Ceiling Heights:
- Signup
- Total Building Area:
- 0 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 0
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 0 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- Common Area
- Water supply:
- Well: Drilled
- Sewer:
- Septic System
- Cooling:
- None
- Heating:
- Electric
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- Nanaimo Rural (768)
- Legal Description:
- Signup
- Zoning:
- R3
- Legal Non-Conformance:
- Yes
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- See Remarks
- Layout:
- Other
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Open
- Total Parking Spaces:
- 15
- Total Units:
- Signup
- Date Listed:
- Mar 09, 2026
- Original Price:
- 1350000.0
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approach to 992 Allenby -
Enter 992
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Entrance
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4 Plex Units
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back of 4 Plex
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Photo 6 of 23
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parking for 4Plex
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Photo 8 of 23
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Duplex on left of photo
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Photo 10 of 23
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Photo 11 of 23
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Laundry Unit
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Double Wide
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Photo 14 of 23
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cabin in middle
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single wide From lower driveway wide
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Photo 17 of 23
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Photo 18 of 23
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Lower Driveway
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Photo 20 of 23
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Photo 21 of 23
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Double Wide Mobile
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Photo 23 of 23
Listed by RE/MAX First Realty (PK)
Data was last updated March 11, 2026 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 35
- Avg list price:
- $799,900
- Min list price:
- $109,000
- Max list price:
- $2,850,000
- Avg days on market:
- 67
- Min days on market:
- 1
- Max days on market:
- 1,007
- Avg price per sq.ft.:
- $410.27
These statistics are generated based on the current listing's property type
and located in
PQ Errington/Coombs/Hilliers. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- MEGHAN WALKER
- ROYAL LEPAGE PARKSVILLE-QUALICUM BEACH REALTY (PKVL)
- (250) 951-9115
- Contact by Email
- KELSEY MCPHERSON
- ROYAL LEPAGE PARKSVILLE-QUALICUM BEACH REALTY (PKVL)
- (250) 619-1411
- Contact by Email
Royal LePage Parksville-Qualicum Beach Realty
173 West Island Hwy, Parksville, BC V9P 2H1