Just Listed
EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 sq ft corner lot (50’ x 115’) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq ft of living space, 13 bedrooms and 6 bathrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside.
Listed by RE/MAX Crest Realty.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Marlon Pradana PREC* for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
| MLS®: | R3114362 |
| Type: | House |
| Bedrooms: | 13 |
| Bathrooms: | 6 |
| Square Feet: | 4,583 sqft |
| Lot Size: | 5,750 sqft |
| Frontage: | 50.00 ft |
| Full Baths: | 6 |
| Half Baths: | 0 |
| Taxes: | $15575.4 |
| Parking: | Open, Lane Access (1) |
| Basement: | Finished |
| Storeys: | 2 storeys |
| Year Built: | 1925 |