Introducing an excellent real estate development opportunity: an 8-unit property in Oliver, contingent on the joint sale of both properties( 586 School and 591 Church Street). The development permit is ready for immediate acquisition, requiring the buyer to apply for the building permit to commence the project. This development... Show More
Introducing an excellent real estate development opportunity: an 8-unit property in Oliver, contingent on the joint sale of both properties( 586 School and 591 Church Street). The development permit is ready for immediate acquisition, requiring the buyer to apply for the building permit to commence the project. This development encompasses four units on each of the paired properties at 586 School Ave and 491 Church Ave. These two-story units, spanning approximately 1150 sqft each, 3-bedroom configurations. Situated within walking distance to the school and various amenities, the location is ideal for families. Both houses are presently tenanted, generating a monthly rental income of nearly $3000, plus utilities, ensuring a steady cash flow during the period of awaiting the building permit (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Utilities
Rooms
Living room
13′8″ x 18′3″
Kitchen
13′5″ x 13′8″
Den
8′0″ x 9′3″
Bedroom
7′7″ x 10′11″
Primary Bedroom
10′9″ x 12′1″
4pc Bathroom
Bathroom
Ownership Details
Ownership
Source
Listing Brokerage
Book A Private Showing
For Sale Nearby
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