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:21947)
| MLS® Number | 10370720 |
| Property Type | Multi-family |
| Neigbourhood | Edgewater North |
| Parking Space Total | 6 |
| View Type | Mountain View |
| Appliances | Refrigerator, Dryer, Range - Electric, Washer |
| Architectural Style | Split Level Entry |
| Basement Type | Full |
| Constructed Date | 1911 |
| Construction Style Split Level | Other |
| Exterior Finish | Stucco, Vinyl Siding |
| Flooring Type | Carpeted, Hardwood, Linoleum, Tile, Vinyl |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Forced Air, See Remarks |
| Roof Material | Metal |
| Roof Style | Unknown |
| Type | Multi-family |
| Utility Water | Community Water User's Utility |
| Street |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.39 |
| Size Total | 0.39 Ac|under 1 Acre |
| Size Total Text | 0.39 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/29166713/5744-vermillion-street-edgewater-edgewater-north
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