$510,000

5683 97 Highway, Falkland V0E1W0

5 Beds 2.0 Bath 3,112 Sq Ft Built 1994

Duplex

Listed by: Royal LePage Downtown Realty.

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Description

Excellent investment property in the quaint community of Falkland offers real versatility for combined live-in residential & business opportunity or rent out both residential suites & commercial spaces for great monthly income. There are currently 2 2 bedroom suites on the upper level rented by long term tenants who would like to stay. The main level consists of 2 commercial spaces (one of which is currently rented) and a 3rd could be had by converting the property owner's 1 bdrm suite back to commercial use. Falkand is a small but growing community just under 1/2 hour to Vernon or 40 min. to Kamloops. This property is within walking distance to local shops & services. Hwy exposure makes for good advertising for small businesses. (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Parking: Other

Structure: Fourplex

Annual Taxes: $3,696

Lot Size: 0.15

Property Details

Property Type	Duplex
Sub Type	Single Family
Bedrooms	5
Bathrooms	2.0
Living Area	3,112 sq ft
Lot Size	0 sq ft
Year Built	1994
Stories	2.0
Listing ID	10371379

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5683 97 Highway, Falkland
MLS® 10371379 · $510,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

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Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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