5744 Vermillion Street Edgewater, British Columbia V0A 1E0
$599,000
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! (id:60329)
Property Details
| MLS® Number | 10344095 |
| Property Type | Multi-family |
| Neigbourhood | Edgewater North |
| Parking Space Total | 6 |
| View Type | Mountain View |
Building
| Appliances | Refrigerator, Dryer, Range - Electric, Washer |
| Architectural Style | Split Level Entry |
| Basement Type | Full |
| Constructed Date | 1911 |
| Construction Style Split Level | Other |
| Exterior Finish | Stucco, Vinyl Siding |
| Flooring Type | Carpeted, Hardwood, Linoleum, Tile, Vinyl |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Forced Air, See Remarks |
| Roof Material | Metal |
| Roof Style | Unknown |
| Type | Multi-family |
| Utility Water | Community Water User's Utility |
Parking
| Street |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.39 |
| Size Total | 0.39 Ac|under 1 Acre |
| Size Total Text | 0.39 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/28184347/5744-vermillion-street-edgewater-edgewater-north
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 24 2025 03:00:56
Association of Interior REALTORS®
Royal LePage Rockies West