Powell River, British Columbia V8A3C5
$1,500,000
MLS® 19779
18
Bedrooms
12
Bathrooms
7,500 square feet
Living Area
1965
Year Built
Single Family
Type
27,356 square feet
Lot Size
6
Parking
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:65701)
Listed by
Oakwyn Realty Ltd.
Powell River
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