5744 Vermillion Street Edgewater, British Columbia V0A 1E0
$499,000
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. List price below BC Tax Assessment. 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 a generous outdoor space, providing added value for tenants or future development potential. This is a flexible opportunity ideal for employers seeking to house staff or investors looking for 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:61048)
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
Dk Rice
Personal Real Estate Corporation
www.teamrice.ca/
492 Hwy 93/95
Invermere, British Columbia V0A 1K2
(250) 342-5599
(250) 342-5559
Rt Rice
492 Hwy 93/95
Invermere, British Columbia V0A 1K2
(250) 342-5599
(250) 342-5559
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August 27 2025 10:52:10
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