5744 Vermillion Street

Exceptional Multi-Unit Investment Opportunity Discover a versatile property offering outstanding potential for investors seeking reliable rental income or a property with strong long-term upside. Situated on a spacious 0.39-acre parcel and comprised of two separately titled properties, this offering includes a substantial two-storey fourplex as well as a detached two-bedroom home with an additional attic room. With some thoughtful updates, the overall income potential can be further enhanced. Conveniently located just behind Pips Grocery Store, this property benefits from steady demand. Beginning this September, the combined units are projected to generate approximately $55K+ in gross annual income, and the list price is below the current BC Assessment, adding exceptional value. A generous outdoor area provides added appeal for tenants and may offer options for future improvements or development. Live in one unit and rent the others, or lease all of them for maximum returns—the flexibility is yours. Showings are by appointment only, with a minimum of 48 hours’ notice. Opportunities like this are rare—schedule your viewing today. (id:45055)

• Property Details

  MLS® Number	10370720
  Property Type	Multi-family
  Neigbourhood	Edgewater North
  ParkingSpaceTotal	6
  ViewType	Mountain View

• Building

  Appliances	Refrigerator, Dryer, Range - Electric, Washer
  ArchitecturalStyle	Split Level Entry
  BasementType	Full
  ConstructedDate	1911
  ConstructionStyleSplitLevel	Other
  ExteriorFinish	Stucco, Vinyl Siding
  FlooringType	Carpeted, Hardwood, Linoleum, Tile, Vinyl
  HeatingFuel	Electric
  HeatingType	Baseboard Heaters, Forced Air, See Remarks
  RoofMaterial	Metal
  RoofStyle	Unknown
  Type	Multi-family
  UtilityWater	Community Water User's Utility

  Street

• Land

  Acreage	No
  Sewer	Municipal Sewage System
  SizeIrregular	0.39
  SizeTotal	0.39 Ac|under 1 Acre
  SizeTotalText	0.39 Ac|under 1 Acre

• Rooms
• Utilities