435 5TH AVENUE

,
Burns Lake,

British Columbia
V0J1E0

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For Sale

$1,500,000

435 5TH AVENUE , Burns Lake, British Columbia V0J1E0

Remarks

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)

Property Summary

Lot Size: 1.39 Acres
Floor Space (approx): 8090 Square Feet
Acreage: Yes

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Neighbourhood Info

Dean Coleman

Sales Representative

Phone: 250.564.4488

Mobile: 250.565.5452

Fax: 250.562.3986

Royal LePage Aspire Realty, Brokerage (Independently owned and operated)

1625 4th Avenue
Prince George, BC V2L3K2

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435 5TH AVENUE ,
Burns Lake, British Columbia V0J1E0

$1,500,000