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 |
| Tax Year |
2023 |
