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Home BC East Kootenay G
5744 VERMILLION Street
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5744 VERMILLION Street $599,000
7 days ago
$599,000
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5744 VERMILLION Street
Edgewater, British Columbia V0A1E0

MLS® Number: 10344095

Listing Description

Investment Opportunity – Ideal for Employers or Investors! An excellent opportunity awaits with this multi-unit investment property, perfectly suited for staff housing or as a high-potential income property. With a bit of TLC, this property promises strong returns and long-term value. Conveniently located just behind Pips Grocery Store, the property will generate a projected gross annual income of $57,000 starting this September. It includes two separately titled properties on a spacious 0.39-acre lot. One title features a large two-storey 4-plex, while the other includes a detached 2-bedroom home with an additional attic room. There's also generous outdoor space, providing added value for tenants or future development potential. This is a flexible opportunity ideal for employers looking to house staff or investors seeking steady rental income. Live in one unit, rent the others, or lease all for maximum returns. Showings are available by appointment only. Please allow a minimum of 2 days’ notice. Don’t miss out on this rare investment gem—book your showing today! (38528442)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
Edgewater North
Title
Freehold
Land Size
0.39 ac|under 1 acre
Built in
1911
Annual Property Taxes
$3,291.85
Parking Type
Street
Time on REALTOR.ca
7 days

Price and Sale History

Date Status Price
Feb 28, 2022 Sale Closed $355,000

Building

Bathrooms
Partial
0
Interior Features
Appliances Included
Refrigerator, Dryer, Range - Electric, Washer
Flooring
Carpeted, Hardwood, Linoleum, Tile, Vinyl
Basement Type
Full
Building Features
Present Use
Community Multi-Tenant
Architecture Style
Split level entry
Split Level Style
Other
Heating & Cooling
Heating Type
Baseboard heaters, (Electric), Forced air, See remarks
Utilities
Utility Sewer
Municipal sewage system
Water
Community Water User's Utility
Exterior Features
Roof Style
Unknown (Metal)
Exterior Finish
Stucco, Vinyl siding
Parking
Parking Type
Street
Total Parking Spaces
6

Land

Lot Features
View
Mountain view
Other Property Information
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6

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