126 Cedar Street Alert Bay, British Columbia V0N 1A0
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.
|Parking Space Total||7|
|Water Front Type||Waterfront|
|Bedrooms Above Ground||5|
|Basement Type||N/a (unfinished)|
|Heating Type||Baseboard Heaters|
|Size Irregular||200.83x207.33 Ft|
|Size Total Text||200.83x207.33 Ft|