- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8071712
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (34)
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Very well kept 6 unit apartment building with 4 two-bedroom & 2 One-bedroom suites. The interior was completely renovated in 2009, new windows & doors were also installed, the roofing shingles are newer too. All suites are bright with large windows, some have great views. The owner's suite has deluxe finishing, electric fireplace with custom surround, jetted tub, in suite laundry & comes fully furnished. One other suite is plumbed for laundry. Quality exterior doors, wide halls; there's a coin laundry & store rooms in the basement. Suites have separate 100 amp electrical services, with baseboard heat, electric hot water tanks. The owner is on-site manager, occupies 2 of the two-bedroom suites & will be moving out (second suite used for owner hobbies). Large 15,080 square foot lot leaves room for expansion or subdivision. This is a nice little building, perfect starter investment or to add to your portfolio. 5% CAP. Income/expense CAP numbers are Proforma, estimates/projections.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Frame Wood
- Num Storeys:
- 3
- Building Type:
- Low Rise (2-4 storeys)
- # Units Total:
- 6
- # Other Units:
- 0
- # of Apartments:
- 6
- # of Studio Apartments:
- 0
- # of Penthouse Apartments:
- 0
- # of Bachelor Apartments:
- 0
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 2
- # of 2 Bedroom Apartments:
- 4
- # of 3 Bedroom Apartments:
- 0
- Year built:
- 1966 (Age: 59)
- Living Area:
- 5,034 sq. ft.
- Subject Property Depth:
- 130'
- Subject Property Width:
- 116'
- Lot Area:
- 14,810.4 sq. ft.
- Zoning:
- R-3
- Potential to Redevelop:
- Room for additional units, Buyer to confirm with Town Hall., No
- # Of Parking Spaces - Total:
- 6
- Road Frontage:
- Lane
- Road Surface:
- Paved
- Electricity:
- No
- Services Connected:
- Cable Connected, Phone Connected, Street Lighting, Sidewalk
- Sewer:
- Public Sewer
- Parcel Number:
- 004365224
- Taxes:
- $5,843.51 / 2025
- Emergency Lighting, Laundry Facility, Outside Storage
- No
- Security System
- None Known
- No
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Asphalt, Torch On
- Potential to Redevelop:
- Room for additional units, Buyer to confirm with Town Hall., No
- Env Assmt Phase:
- No
- Cap Rate %:
- 5.0
- Gross Income:
- 85416.0
- Oper. Expenses:
- 29986.0
- Other Income:
- $1,000
- Effective Gross Income:
- $83,281
- Net Operating Income:
- $53,295
- Original Price:
- $1,065,000
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Listed by RE/MAX Bulkley Valley
Data was last updated August 28, 2025 at 12:40 PM (UTC)
- INDER KALSI
- CENTURY 21 COASTAL REALTY LTD.
- +1 (778) 531-3000
- Contact by Email
Inder Kalsi PREC
Century 21 Coastal Realty Ltd.
Your Trusted Partner in Real Estate.
Contact me at 778-531-3000 for all your property needs.
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