For Sale

$1,198,000

1810 First Street, Fruitvale, BC V0G 1L0

1 Beds 1 Baths

Remarks

Available for sale is 1810 First Street located in Fruitvale, BC – an exceptionally rare multi-family investment and development opportunity completely renovated in 2021 and offering strong historic occupancy and tremendous upside potential. Featuring four existing suites, each with 2-beds and 1 bath, and boasting RM2 (Medium Density Multiple Housing) zoning entitlements providing immediate redevelopment potential for an additional two suites, the property is extremely well positioned for investors and developers to leverage a stable income base and capitalize on exciting development upside. Located in an established residential neighbourhood on First Street in Fruitvale – one of the Kootenays’ most desirable family-oriented communities with a charming downtown atmosphere that is conveniently located just 15 mins to Trail, 30 mins to Castlegar, and 50 mins to Nelson. Key renovation features include brand new exterior cladding, new windows, new doors, new blinds, keyless entry, heated floors, LED lighting, new washer/dryers, new tile flooring in kitchens, new vinyl/laminate flooring in living areas and bedrooms, new hot water tanks, and all new stainless steel appliances. Fruitvale’s residential tenancy market is one of the strongest in the region – with near-zero availability that has consistently pushed rental rates upward, with market rents for furnished 2-bedroom units recently achieving +$2,400/month. Download the brochure at the link below for more info.

Property Summary

  • Annual Tax Amount: $6,754.00
  • Lot Size: 0.44 Acres
  • No. of Parking Spaces: 8
  • Floor Space (approx): 2100 Square Feet
  • Built in: 2021
  • Bedrooms: 1
  • Bathrooms (Total): 1

Property Features:

  • Appliances:
    Washer/Dryer Stacked , Dishwasher , Electric Oven , Refrigerator
  • Architectural Style:
    Two Story , Fourplex
  • Construction Materials:
    Aluminum Siding , Wood Frame
  • Cooling:
    None
  • Exterior Features:
    Balcony
  • Flooring:
    Ceramic Tile , Laminate , Vinyl
  • Heating:
    Baseboard , Electric , Radiant Floor
  • Parking Features:
    Open , Rear/Side/Off Street
  • Roof:
    Asphalt , Shingle
  • Sewer:
    Public Sewer
  • Water Source:
    Public

Rooms

  • Bathroom:
    Level: Main Level
  • Living:
    Level: Main Level
  • Kitchen:
    Level: Main Level
  • Master Bedroom:
    Level: Main Level
Lifestyle
Neighbourhood Info
Dan Brown

Dan Brown

Personal Real Estate Corporation

Phone:  250.860.1100

Mobile:  778.215.5671

Fax:  250.860.0595

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Royal LePage Kelowna, Brokerage (Independently owned and operated)

1 - 1890 COOPER ROAD
Kelowna,  BC V1Y8B7

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