$1,590,000

A rare opportunity to acquire approximately 0.5 of an acre of Commercial/Highway zoned property along Creston's primary highway corridor, currently improved with 14 residential rental units. The property is fully occupied and includes one 3-bedroom home, one 2-bedroom home, two individual cabins, four 1-bedroom suites and six bachelor suites. The majority of tenants are long-term, providing an established rental base in a community that has historically experienced very low rental vacancy. The property has been maintained and upgraded over time, including plumbing, electrical components, HRV units and fire-rated drywall to meet current building and safety requirements. The zoning provides flexibility beyond the existing residential use, creating potential for future commercial, redevelopment or other permitted uses, subject to municipal approvals. The highway location offers excellent exposure and proximity to established commercial businesses and services. An owner could continue the property as a rental business, live onsite and self-manage, or utilize professional management while considering longer-term opportunities for the property. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10401432
  Property Type	Other
  Neigbourhood	Creston
  AmenitiesNearBy	Shopping
  CommunityFeatures	High Traffic Area

• Building

  Constructed Date	1960
  Exterior Finish	Wood Siding
  Heating Type	Baseboard Heaters
  Roof Material	Asphalt Shingle,metal
  Roof Style	Unknown,unknown
  Type	Other
  Utility Water	Municipal Water

  Parking

  Additional Parking

• Land

  Access Type	Easy Access, Highway Access
  Acreage	No
  Land Amenities	Shopping
  Sewer	Municipal Sewage System
  Size Irregular	0.55
  Size Total	0.55 Ac|under 1 Acre
  Size Total Text	0.55 Ac|under 1 Acre

• Utilities

  Cable	Available
  Electricity	Available
  Telephone	Available