$1,898,000 FOR SALE

Multiplex

Total Area: 5,494 ft2

626 Wallace Street
Hope & Area, BC V0X 1L0

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. Current owners have not had vacancies in the 9 years they have owned it. Lots of parking. Low maintenance property. No dogs & non-smoking building.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! (id:47423)

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Listed By Royal LePage - Wolstencroft
Data Provided By Chilliwack & District Real Estate Board
MLS® Listing Number C8059503
Last Updated May 03, 2024
Property Summary
Property Type Multiplex

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Price History
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Detailed Information
Total Area 5,494 ft2
Listing Contract Date 2024-04-24
Property Type Multi-family
Road Paved road
Transaction Type For sale
Building
Amenities Street Lighting, Balconies
Constructed Date 1997
Cooling Type Central air conditioning
Land
Total Size 0.21 acres
Size of Irregular Land 0.21

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