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:4069)
Address
3915 SELKIRK AVE
List Price
$1,500,000
Property Type
Single Family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
British Columbia
Sub-Area
Powell River
Bedrooms
18
Bathrooms
12
Floor Area
7,500 Sq. Ft.
Lot Size
27356 Sq. Ft.
Frontage Length
120 ft
Year Built
1965
MLS® Number
19779
Listing Brokerage
Oakwyn Realty Ltd.
Postal Code
V8A3C5
Ownership
Freehold
Parking Places (Total)
6
Site Influences
Shopping
Features
Southern exposure
Heat Source
Natural gas
Heat Type
Baseboard heaters, Other
Cooling Features
None
Access To Property
Easy access
