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$949,000

Terrace BC, V8G 3P1

MLS® # C8067959

Property Information:

This revenue property is a great investment with strong returns. The property is made up of an eight-plex building with one bedroom units, fully rented , many with long term tenants. The main house features one side with a four bedrooms / one bathroom unit, presently rented, and a one bedroom unit that needs a bit of polishing before it could be rented as well. It would also work well for an on-site property manager. The rental building has had numerous updates over the years . Units 3 and 4 have been totally renovated . The eight-plex building has newer hot water tanks and recent foundation and drainage work. All units have independent electrical services. Various other outbuilding are suitable for storage, workshops, or redevelopment. (id:27)

Building Features:

  • Floor Space: 2494 sqft

Property Features:

  • Property Type: Multi-family
  • Built in: 1970
  • Floor Space (approx): 2494 Square Feet

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 3330 RIVER DRIVE, Terrace, British Columbia, V8G 3P1

Demographic Information of 3330 RIVER DRIVE, Terrace, British Columbia, V8G 3P1

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$86,134.47

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.73 %

High school certificate or equivalent

38.66 %

Apprenticeship trade certificate/diploma

13.3 %

College/non-university certificate

18.61 %

University Degree

6.7 %

Commuter

Travel To Work

By Car

90.15 %

By Public Transit

0.08 %

By Walking

9.73 %

By Bicycle

0.0 %

By Other Methods

0.04 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.46 %

Houses

97.54 %

Own Vs. Rent