Business For Sale · Multifamily

7134 Blackjack Dr, Lantzville

7134 Blackjack Dr, Lantzville, BC V0R2H0

$2.2M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

88%

Lot Size

8.11 ac

About this property

A RARE MOBILE HOME PARK INVESTMENT ON VANCOUVER ISLAND! White Pine Estates presents an exceptional opportunity to acquire an established, family-held mobile home park on 8.11 acres in Lantzville, immediately north of Nanaimo and only minutes from the major shopping and services of the Woodgrove area. Already zoned MHP – Mobile Home Park, this is not simply a land holding—it is an operating income-producing property with considerable acreage and potential for future growth. The park currently comprises 12 pads/tenant-owned units, including double-wide and single-wide manufactured homes, a park model and recreational trailers. The property has maintained 100% occupancy for several years, with very low tenant turnover—an important reflection of both housing demand and the strength of this convenient location. Existing infrastructure includes a private water system with well , electrical services to all 12 pads, on-site septic systems and internal gravel roads. For the commercial investor, the real attraction is the combination of existing revenue, 8.11 acres of land, established MHP zoning and potential room to expand the number of pads, subject to applicable approvals. The property's location provides excellent access to Nanaimo, Lantzville, Highway 19 and the Woodgrove commercial district. Mobile home parks of this size and location are rarely available. Acquire the existing income stream today while exploring the longer-term potential of this substantial MHP-zoned property. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.20M
Down payment30% · $660K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$97K

Annual cash flow

$-25K

Cash-on-cash

-3.82%

DSCR

0.79

Going-in cap

4.39%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

123,158

Households

43,940

Median income

$97,500

Median age

44.4

Daytime population

201,687

5-yr growth

6.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 7134 Blackjack Dr, Lantzville.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.