5744 Vermillion Street Edgewater, British Columbia V0A 1E0

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Split Level Entry Baseboard Heaters, Forced Air, See Remarks

$599,000

Investment Opportunity – Ideal for Employers or Investors! An excellent opportunity awaits with this multi-unit investment property, perfectly suited for staff housing or as a high-potential income property. With a bit of TLC, this property promises strong returns and long-term value. Conveniently located just behind Pips Grocery Store, the property will generate a projected gross annual income of $57,000 starting this September. It includes two separately titled properties on a spacious 0.39-acre lot. One title features a large two-storey 4-plex, while the other includes a detached 2-bedroom home with an additional attic room. There's also generous outdoor space, providing added value for tenants or future development potential. This is a flexible opportunity ideal for employers looking to house staff or investors seeking steady rental income. Live in one unit, rent the others, or lease all for maximum returns. Showings are available by appointment only. Please allow a minimum of 2 days’ notice. Don’t miss out on this rare investment gem—book your showing today! (id:59282)

Property Details

MLS® Number	10344095
Property Type	Multi-family
Neigbourhood	Edgewater North
ParkingSpaceTotal	6
ViewType	Mountain View

Building

Appliances	Refrigerator, Dryer, Range - Electric, Washer
Architectural Style	Split Level Entry
Basement Type	Full
Constructed Date	1911
Construction Style Split Level	Other
Exterior Finish	Stucco, Vinyl Siding
Flooring Type	Carpeted, Hardwood, Linoleum, Tile, Vinyl
Heating Fuel	Electric
Heating Type	Baseboard Heaters, Forced Air, See Remarks
Roof Material	Metal
Roof Style	Unknown
Type	Multi-family
Utility Water	Community Water User's Utility

Parking

Street

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	0.39
Size Total	0.39 Ac\|under 1 Acre
Size Total Text	0.39 Ac\|under 1 Acre
Zoning Type	Unknown

Aerial

Mark Gidden
Realtor/Founder

Lloyd Taverner
Realtor/Senior Partner

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Last Updated
April 24 2025 03:00:56

Data Provider
Okanagan-Mainline Real Estate Board

Listing Office
Royal LePage Rockies West

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TESTIMONIALS

Our Valued Clients

Ashley Harvey

Mark and his team helped us find our forever home, and we are so grateful for his experience and expertise. Mark was so patient while our infant cried while we hunted for the perfect house. We will use Mark and his team for years to come.
Jen Platman

Lloyd was the best realtor we’ve ever worked with. He understands people and takes the time to listen. He was extremely helpful and made the process stress-free and seamless. Lloyd goes above and beyond for his clients and it shows. He truly enjoys what he does, he’s honest and makes you feel at ease. Our new home is our castle and Lloyd did everything to help us get there. This guy is real gem!
Tom S

Mark helped us look for, negotiate, and purchase our family home. He was diligent, extremely professional and has an unsurpassed knowledge of the Kelowna and wider Okanagan areas. His name is mentioned anytime we have a friend looking to buy or sell their home. Many thanks Mark.