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126 Cedar Street Alert Bay, British Columbia V0N 1A0

5 Bedroom 4 Bathroom
Baseboard Heaters Waterfront

$350,000

for sale by owner

Excellent income property for investors or a wonderful opportunity for a family that wants to live in a beautiful home that pays the bills. This building overlooks the ocean, is a ten minute walk from downtown, and consistently has full tenancy.

This 3 suite building has plenty of room for increased revenues. The main floor can be kept as a large 1,650 square foot apartment for an owner occupier or restored to 2 one bedroom suites for additional revenues. There is also opportunity to finish the basement floor for 2 additional one bedroom suites. At local rental rates, these changes would bring in $4,300 per month.

The building has installed individual hydro meters for each suite and comes with a laundry room. A new metal roof was installed August 2016.

Alert Bay is located on Cormorant Island on the North Eastern tip of Vancouver Island. The island features plenty of amenities including a hospital, clinic, dentist, and 3 restaurants. It has a 3000 ft air landing strip, is serviced by BC Ferries as well as a harbor.  Plenty to do there is a museum, library, 2 elementary schools, and lots of fishing & recreation.

1519 Total Views 8 Views Today

Property Details

MLS® Number X3621395
Parking Space Total 7
Property Type Multi-family
Water Front Type Waterfront

Building

Bathroom Total 4
Bedrooms Above Ground 5
Bedrooms Total 5
Basement Development Unfinished
Basement Type N/a (unfinished)
Exterior Finish Vinyl
Fireplace Present No
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 3
Type Other

Land

Acreage No
Size Irregular 200.83x207.33 Ft
Size Total Text 200.83x207.33 Ft

https://therealtycommission.com/listing/126-cedar-st-bc-fsbo/