Cedar Cottage Triplex! Two legal RT-10 lots (50' frontage)- with triplex sitting on one of the lots. Currently 3 - 2 bedroom/ 1 bath units generating almost 50K (2.5% cap rate) per year in income with significant upside on rents. Rents ($1,200 top floor 2 bed, $1,605 main floor 2 bed, $1,348 basement 2 bed) = Total $4,153/month. Lots of opportunities to generate additional income, redevelop, renovate or develop further. Please check with the City about potential development opportunities. Great neighbourhood, steps to Kingsway, Commercial Dr, Clark Park and Trout Lake for shopping, leisure and transit. Excellent investment or co-ownership opportunity. Contact LS to view. 48 hours notice required. Do not walk property or disturb tenants.
Central Location,Recreation Nearby,Shopping Nearby
Listing Provided ByRE/MAX Real Estate Services
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.