5744 VERMILLION Street Edgewater North, Edgewater, British Columbia, CA

Address: 5744 VERMILLION Street, Edgewater, British Columbia

0 Beds0 Baths0 sqftStatus: Buy
Price $499,000

Property Overview


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:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Multi-Family
Title
Freehold
Neighbourhood Name
Edgewater North
Land Size
0.39 ac|under 1 acre
Built in
1911
Parking Type
Street
Building
Interior Features
Appliances Included
Refrigerator, Dryer, Range - Electric, Washer
Flooring
Carpeted, Hardwood, Linoleum, Tile, Vinyl
Basement Type
Full
Building Features
Architecture Style
Split level entry
Split Level Style
Other
Heating & Cooling
Heating Type
Baseboard heaters, Forced air, See remarks
Utilities
Utility Sewer
Municipal sewage system
Water
Community Water User's Utility
Exterior Features
Exterior Finish
Stucco, Vinyl siding
Parking
Parking Type
Street
Total Parking Spaces
6
Features
           Street            Refrigerator            Dryer
           Range - Electric            Washer
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Your Home Finance Calculation

Property Price CA $499,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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