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5744 VERMILLION Street, Edgewater

MLS® #10370720
About this Property

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)

Property Information

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®

Interior Details

Architectural Style

Multi-level

Basement

Full

Flooring

TileHardwoodCarpetedLinoleumVinyl

Appliances

WasherRefrigeratorRange - ElectricDryer
Exterior & Lot

Lot Size

0.39 acres

View

Mountain view

Exterior Features

StuccoVinyl siding
Building & Utilities

Roof

Metal,Unknown

Heating

Baseboard heaters, Forced air, Electric, See remarks

Water Source

Community Water User's Utility

Sewer

Municipal sewage system

$485,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Royal LePage Rockies West

Mortgage Calculator
$97,000

Loan Amount:

$388,000

Estimated Monthly Payment:

$1,891

This is an estimate for informational purposes only. Consult with a financial advisor.