$1,500,000

None None, Powell River V8A3C5

18 Beds 12.0 Bath 7,500 Sq Ft Built 1965

Duplex

Listed by: Oakwyn Realty Ltd..

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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:66934)

Location

Approximate location supplied by the listing data provider.

Features

Parking: Other, Other

Parking Spaces: 6

Structure: Fourplex

Annual Taxes: $12,076

Lot Size: 27356.0

Property Details

Property Type	Duplex
Sub Type	Single Family
Bedrooms	18
Bathrooms	12.0
Living Area	7,500 sq ft
Lot Size	27,356 sq ft
Year Built	1965
Parking	6 spaces
Listing ID	19779

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