3915 SELKIRK AVE
Powell River, British Columbia
MLS® 19779
$1,500,000
- Status
- Active
- Property type
- House
- MLS® number
- 19779
- Bedrooms
- 18
- Bathrooms
- 12
- Year built
- 1965
Listing description
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
Property summary
- MLS® number
- 19779
- Property type
- Single Family
- Building type
- Fourplex
- Square footage
- 7,500 sq ft
- Title
- Freehold
- Land size
- 27356 square feet
- Built in
- 1965
- Annual property taxes
- $12,076.00
- Parking
- 6 spaces · Other, Other
- Days on market
- 89 days
Features & details
- Heating
- Baseboard heaters, Natural gas, Other
- Cooling
- None
- Lot features
- Southern exposure
What would this home cost you?
Based on the $1,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Oakwyn Realty Ltd., North Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.