I have listed a new property at 10860 CHEMAINUS ROAD in LADYSMITH.
The principal assets of Saltair Properties are 15 mobile home pads, one house and one commercial building currently leased to the Saltair Food Market. Saltair is a growing community that is approximately halfway between Ladysmith and Chemainus on Vancouver Island, BC. The MHP is a plus 55 park, with very good long term tenants and an on-site manager. The house has great tenants and has additional space that could be repurposed into another residential suite or an office/retail unit. The commercial building has been rented continuously as a food market and pet food centre for several decades. The property has had no vacancies in over 15 years, has stable attractive income, low expenses and is very easy to manage. This is a very well diversified property in one convenient package. The owners, at their sole discretion, may help finance the purchase with a small 2nd mortgage.