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Royal LePage
Royal LePage
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$959,000

8 Beds

4 Baths

2970 FEETSQ

QuickQuoteTM: $856K - $1.1M

Salmon Arm BC, V1E 1G2

MLS® # 10359451

Property Information:

Investment Opportunity with Development Upside Here’s your chance to own a fully rented 4-plex on a half-acre lot with approved plans in place to expand to 10 units. Whether you’re a seasoned investor or a builder looking for your next project, this property checks a lot of boxes. The current 4-plex brings in steady rental income, giving you cash flow while you line up your next steps. The lot is flat, easily accessible, and in a growing area with strong rental demand — all the groundwork is done. Approved Drawings and plans, engineering reports, environmental and more. Plans for an additional four plex and two units in the basement have already been approved, so you can hit the ground running. With location, income, and potential all working in your favour, this is a rare find. (id:27)

Building Features:

  • Style: Detached
  • Building Type: Fourplex
  • Architectural Style: Rancher
  • Floor Space: 2970 sqft
  • Heating Type: Forced air

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 8
  • Bathrooms: 4
  • Built in: 1960
  • Floor Space (approx): 2970 Square Feet
  • Sewer: Municipal sewage system
  • Parking Type:

Rooms:

  • Bathroom Main Level 5'6'' x 7'3''
  • Bedroom Main Level 10'6'' x 11'11''
  • Primary Bedroom Main Level 10'10'' x 11'3''
  • Kitchen Main Level 8' x 9'
  • Living Main Level 15'3'' x 11'3''
  • Bathroom Main Level 5'1'' x 7'3''
  • Bedroom Main Level 10'8'' x 11'8''
  • Primary Bedroom Main Level 10'11'' x 11'3''
  • Kitchen Main Level 8'6'' x 7'7''
  • Living Main Level 15'3'' x 11'3''
  • Bathroom Main Level 5'6'' x 7'3''
  • Bedroom Main Level 10'6'' x 11'11''
  • Primary Bedroom Main Level 10'10'' x 11'3''
  • Kitchen Main Level 8' x 9'
  • Living Main Level 15'3'' x 11'3''
  • Bathroom Main Level 5'1'' x 7'3''
  • Bedroom Main Level 10'8'' x 11'8''
  • Primary Bedroom Main Level 10'11'' x 11'3''
  • Kitchen Main Level 8'6'' x 7'7''
  • Living Main Level 15'3'' x 11'3''

Courtesy of: Homelife Salmon Arm Realty.Com

REALTOR.ca  

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Location of 1120 Shuswap Street SE, Salmon Arm, British Columbia, V1E 1G2

Demographic Information of 1120 Shuswap Street SE, Salmon Arm, British Columbia, V1E 1G2

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$72,226.03

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.31 %

High school certificate or equivalent

37.96 %

Apprenticeship trade certificate/diploma

6.41 %

College/non-university certificate

23.22 %

University Degree

10.1 %

Commuter

Travel To Work

By Car

79.83 %

By Public Transit

1.31 %

By Walking

13.81 %

By Bicycle

0.0 %

By Other Methods

5.05 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

37.07 %

Houses

62.93 %

Own Vs. Rent

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