Impeccably kept 6 unit apartment (built in 1997) in the heart of Hope with Panoramic Mountain views. Excellent location & neighborhood. Steps to everything. Five 2 bedroom apartments & one 1 bedroom & den, all with in-suite laundry. Each unit is bright, spacious, separately metered & tenants pay their own utilities & have fridge, stove, dishwasher, washer, dryer & air conditioning. Building has been extremely well maintained. New roof & A/C units in 2019, half of the appliances are newer, most blinds replaced in 2022. Steady rental income with some long term tenants giving potential for higher rents. Lots of parking. Low maintenance property. Current zoning RM-1 allows for Apartment, Seniors housing & accessory uses - Day care & Preschool. OCP Urban/Suburban Residential with potential for, special needs housing, institutional uses & commercial or comprehensive zoning. Invest in your future - a safe bet!
Address
626 Wallace Street
List Price
$1,498,000
Type of Dwelling
COMM
Area
Hope & Area
Sub-Area
Hope
Bedrooms
11
Bathrooms
6
Floor Area
5,494 Sq. Ft.
Lot Size
9300 Sq. Ft.
Year Built
1997
MLS® Number
C8059503
Listing Brokerage
Royal LePage Wolstencroft Realty
Postal Code
V0X 1L0
Zoning
RM-1
Tax Amount
$5,957.41
Tax Year
2023