5744 VERMILLION Street, Edgewater
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 $48K+ 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:62865)
Status
Active
Year Built
1911
Property Type
Multi-Family
Ownership
Freehold
Parking Spaces
6
Annual Tax
$3,291
Parcel Number
015-785-751
Data Source
Association of Interior REALTORS®
Architectural Style
Multi-level
Basement
Full
Flooring
Appliances
Lot Size
0.39 acres
View
Mountain view
Exterior Features
Roof
Metal,Unknown
Heating
Baseboard heaters, Forced air, Electric, See remarks
Water Source
Community Water User's Utility
Sewer
Municipal sewage system
$485,000
Office
Royal LePage Rockies West
Loan Amount:
$388,000
Estimated Monthly Payment:
$1,891
This is an estimate for informational purposes only. Consult with a financial advisor.
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