Vancouver Island Opportunities
Zoning regulations have changed across the entire province of BC.
New Vancouver Island Zoning Regulations
Increased density has been mandated by the BC government in cities with populations greater than 5,000 people
Previous single family zoning can now have up to 4 units (6 in downtown core) without having to change the zoning. (talk to us about the different municipalities’ bylaws)
Example: 4 Units
Acquisition Price: $1,400,000
Mortgage Payment: $6,700/month
Taxes/Utilities/Insurance: $1,300/month
Total Expenses:
$8,000/month
Unit 1: $3,000/month
Unit 2: $3,000/month
Unit 3: $2,200/month
Unit 4: $2,200/month
Gross Rents:
$10,400/month
*All amounts are estimates based on current market