- ©MLS 19779
- Area 7500 sq ft
- Bedrooms 18
- Bathrooms 12
- Parkings 6
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:48970) Show More
Details
- Constructed Date: 1965
- Property Type: Single Family
- Type: Fourplex
- Access Type: Easy access
- Road: Paved road
Ammenities + Nearby
- Shopping
- Shopping
Features
- Southern exposure
- Baseboard heaters
Rooms Details For 3915 SELKIRK AVE
| Type | Level | Dimension |
|---|---|---|
| 4pc Bathroom | Above | Measurements not available |
| 2pc Bathroom | Main level | Measurements not available |
Location
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Data provided by: Powell River Sunshine Coast Real Estate Board