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$ 1,500,000
Est. payment | /mo
18 Beds
12 Baths
7,500 SqFt
$ 1,500,000
Est. payment | /mo
18 Beds
12 Baths
7,500 SqFt
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 7500
Square Footage 7,500 sqft
Price per Sqft $200
MLS® Listing ID 19779
Bedrooms 18
Year Built 1965
Lot Size 0.628 Acres
Acres 27356.0
Property Sub-Type Freehold
Property Description
Turnkey 6-unit multifamily investment on a large 27,355 sq ft corner lot with strong income & exceptional future upside. This well-maintained property consists of six spacious 3-bedroom, 2-storey rowhome-style units (approx. 1,250 sq ft each), all fully tenanted and generating $7,715/month. It has been operated as a passive investment, with professional management in place, offering a low-maintenance, hands-off ownership structure. What sets this property apart is the significant development potential. Approximately 8,000 sq ft of excess land remains underutilized, with preliminary support from the City of Powell River Planning Department for potential subdivision and rezoning from RM2 to RM4--creating a rare opportunity for future density. Lower entry price vs. Vancouver properties and higher yield potential. Opportunity to combine cash flow + land appreciation + redevelopment. INCOME TODAY & DEVELOPMENT TOMORROW (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Extra Room 1 Above Measurements not available 4pc Bathroom
Extra Room 2 Main level Measurements not available 2pc Bathroom
Interior
Heating Baseboard heaters, Other
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage No
Private Pool No
Others
Ownership Freehold
Listed by Oakwyn Realty Ltd.