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Royal LePage
Royal LePage
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$1,500,000

Burns Lake BC, V0J 1E0

MLS® # C8072085

Property Information:

Fantastic multi family property on 1.39 acre lot. The need for rental units in Burns Lake is on the rise, and this is your chance to jump in! 1 building built in 2024 has 4 x 2bdrm / 2 full baths, 1 older building with some recent renos with 4 X 2 bdrm/ 1 bath. Each unit has separate laundry. Fully tenanted with 1 year renewable leases and great tenants. Rents currently totalling $11,000 mth / $132k yr, plus tenants pay utilities. The lot has been cleared and ready for more development. As per Seller, town planners have given the OK for 32 units on the lot, with great potential for 20 (Buyer to verify). Check out the pavers in the parking lot! The potential is huge! (id:27)

Building Features:

  • Floor Space: 8090 sqft

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 8090 Square Feet
  • Road Type: Paved road

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 435 5TH AVENUE, Burns Lake, British Columbia, V0J 1E0

Demographic Information of 435 5TH AVENUE, Burns Lake, British Columbia, V0J 1E0

Life Stage

Growing Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$116,648.22

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.64 %

High school certificate or equivalent

39.04 %

Apprenticeship trade certificate/diploma

10.11 %

College/non-university certificate

24.95 %

University Degree

16.27 %

Commuter

Travel To Work

By Car

81.83 %

By Public Transit

0.0 %

By Walking

11.2 %

By Bicycle

0.0 %

By Other Methods

6.97 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

15.21 %

Houses

84.79 %

Own Vs. Rent

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