1703 Menzies Street Unit# 303, Merritt
Investor alert! If you’ve been looking for a simple, low-maintenance way to get your foot in the real estate investing door, this 1 bedroom, 1 bathroom unit in Nicola Apartments is tough to ignore. Step inside to a functional galley kitchen that flows into your own dedicated dining area and a bright living room—a classic layout that just makes sense. The bedroom is generously sized, there’s a full bathroom, and you’ll love the extra storage: in-suite storage, deck storage, plus the bonus of your own hot water tank (hello, fewer shared-building surprises). Even better? This is a turnkey rental: currently tenanted at $1,100/month, with the tenant paying their own utilities, and they’d love to stay—meaning you can start collecting rent without the vacancy stress. It's even being fully managed if that's something you prefer. Numbers at a glance: Rent: $1,100/month, Strata fee: $249.37/month, Taxes: $1,522/year. Tenanted unit—please allow 24 hours notice for showings. Whether this is your first investment property or you’re adding a no-fuss rental to the portfolio, this is a smart little opportunity worth a look. (id:62865)
Status
Active
Year Built
1978
Property Type
Apartment
Ownership
Condo/Strata
Parking Spaces
1
Annual Tax
$1,523
Parcel Number
026-943-310
Data Source
Association of Interior REALTORS®
Bedrooms
1
Bathrooms
1
Living Area
586 square feet
Community Features
Roof
Other,Unknown
Heating
Baseboard heaters
Water Source
Municipal water
Sewer
Municipal sewage system
$139,000
Association Fee
$249 Monthly
Fee Includes
Office
Real Broker B.C. Ltd
Loan Amount:
$111,200
Estimated Monthly Payment:
$542
This is an estimate for informational purposes only. Consult with a financial advisor.
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