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$ 499,000
Est. payment /mo
Active
5744 VERMILLION Street Edgewater, BC V0A1E0
0.39 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Edgewater North
MLS® Listing ID 10370720
Style Split level entry
Year Built 1911
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Exceptional Multi-Unit Investment Opportunity Discover a versatile property offering outstanding potential for investors seeking reliable rental income or a property with strong long-term upside. Situated on a spacious 0.39-acre parcel and comprised of two separately titled properties, this offering includes a substantial two-storey fourplex as well as a detached two-bedroom home with an additional attic room. With some thoughtful updates, the overall income potential can be further enhanced. Conveniently located just behind Pips Grocery Store, this property benefits from steady demand. Beginning this September, the combined units are projected to generate approximately $55K+ in gross annual income, and the list price is below the current BC Assessment, adding exceptional value. A generous outdoor area provides added appeal for tenants and may offer options for future improvements or development. Live in one unit and rent the others, or lease all of them for maximum returns—the flexibility is yours. Showings are by appointment only, with a minimum of 48 hours' notice. Opportunities like this are rare—schedule your viewing today. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, , Forced air, See remarks
Flooring Carpeted, Hardwood, Linoleum, Tile, Vinyl
Exterior
Parking Features No
View Y/N Yes
View Mountain view
Roof Type Unknown
Total Parking Spaces 6
Private Pool No
Building
Sewer Municipal sewage system
Architectural Style Split level entry
Others
Ownership Freehold
Listed by Royal LePage Rockies West
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