INVESTOR ALERT! Looking for the perfect cash flow positive property with the potential to redevelop and build!! Ideally located on the peak of Parkhill street overlooking downtown this 3 level split offers exceptional value. Boasting the ability to generate $4000+ per month in long term rental revenue there’s no rush to start building, or would make a perfect Airbnb rental. Buy and hold until you're ready to build your dream home. Envision picturesque views of the mountains and downtown while enjoying the highly sought-after community of Parkhill. Easy access to the river, Stanley park, endless pathways, MacLeod trail, LRT, downtown, Chinook, and schools. The RC2 lot features a west frontage of 7.6 meters by 42 meters, with two massive composite decks. This turnkey revenue property is 1157 sqft above grade and has a total of 3 separate illegal suites all with separate entrances. Extensive renovations throughout, new bathrooms, luxury plank floors, cabinets, granite countertops etc. One Bedroom, One bath for the top floor. Two Bedrooms 1 bath for the 2nd suite and 2 bedrooms in the bright basement suite. Each has their own kitchen. Additional option to take down the middle wall upstairs to reclaim the entire upper floor as one if you're planning on moving in or want one large suite with 3 bedrooms! Don’t forget the back lane access and heated detached garage. Book your showing today!
3 rental illegal suites. (Rent includes utilities)
Top one bedroom = $1300 per month.
Back 2 bedroom suite = $1560 (currently rented).
Basement = $1000 per month.
Utilities - Summer average = $315 per month. Winter = $410 per month.
Entrance to Top one bedroom suite. $1200-1300 per month
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Photo 4 of 47
Top one bedroom suite.
Top one bedroom suite.
Top one bedroom suite.
Top one bedroom suite.
Top one bedroom suite.
Top one bedroom suite.
Top one bedroom suite.
Photo 12 of 47
Top one bedroom suite.
Top one bedroom suite.
Top one bedroom suite.
Top one bedroom suite.
Common stairwell.
Shared laundry.
Shared laundry.
Extra basement bedroom (can be rented with basement suite or Top suite for additional rental revenue.
1 bedroom Basement suite (studio). (currently rented)
Data was last updated July 2, 2022 at 06:05 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$835,000
Min list price:
$185,000
Max list price:
$4,425,000
Avg days on market:
74
Min days on market:
2
Max days on market:
428
Avg price per sq.ft.:
$475.41
These statistics are generated based on the current listing's property type
and located in
Parkhill. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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. Used under license.