3915 SELKIRK AVE

About this home

Turnkey 6-unit multifamily investment on a large 27,355 sq ft corner lot with strong income & exceptional future upside. This well-maintained property consists of six spacious 3-bedroom, 2-storey rowhome-style units (approx. 1,250 sq ft each), all fully tenanted and generating $7,715/month. It has been operated as a passive investment, with professional management in place, offering a low-maintenance, hands-off ownership structure. What sets this property apart is the significant development potential. Approximately 8,000 sq ft of excess land remains underutilized, with preliminary support from the City of Powell River Planning Department for potential subdivision and rezoning from RM2 to RM4--creating a rare opportunity for future density. Lower entry price vs. Vancouver properties and higher yield potential. Opportunity to combine cash flow + land appreciation + redevelopment. INCOME TODAY & DEVELOPMENT TOMORROW (id:66966)

Details

Type

Multiplex

Size

7500 sq ft

Property tax

$12,076

Municipality

Powell River

Interior

Fireplace

No

Heating, cooling and services

Heating

Baseboard heaters, Natural gas

Building and exterior

Year built

1965

Parking

Total parking

6

Rooms

Location

Location is approximate. See nearby homes on the map