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For Sale
$1,500,000
MLS® 19779
3915 SELKIRK AVE
Powell River, British Columbia, V8A3C5
- Beds / Baths
- 18 bed · 12 bath
- Interior
- 7,500 sqft
- Property type
- Single Family
- Building
- Single Family
- Year built
- 1965
- Lot size
- 27356 square feet
Property facts
- Beds / Baths
- 18 bed · 12 bath
- Interior
- 7,500 sqft
- Property type
- Single Family
- Building
- Single Family
- Transaction
- For Sale
- Year built
- 1965
- Lot size
- 27356 square feet
- Parking
- 6
- Ownership
- Freehold
About this property
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 (id:53361)