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$1,198,000

1 Beds

1 Bath

2100 FEETSQ

QuickQuoteTM: Not Available

Fruitvale BC, V0G 1L0

MLS® # 10348295

Property Information:

Available for sale is 1810 First Street located in Fruitvale, BC – an exceptionally rare multi-family investment and development opportunity completely renovated in 2021 and offering strong historic occupancy and tremendous upside potential. Featuring four existing suites, each with 2-beds and 1 bath, and boasting RM2 (Medium Density Multiple Housing) zoning entitlements providing immediate redevelopment potential for an additional two suites, the property is extremely well positioned for investors and developers to leverage a stable income base and capitalize on exciting development upside. Located in an established residential neighbourhood on First Street in Fruitvale – one of the Kootenays’ most desirable family-oriented communities with a charming downtown atmosphere that is conveniently located just 15 mins to Trail, 30 mins to Castlegar, and 50 mins to Nelson. Key renovation features include brand new exterior cladding, new windows, new doors, new blinds, keyless entry, heated floors, LED lighting, new washer/dryers, new tile flooring in kitchens, new vinyl/laminate flooring in living areas and bedrooms, new hot water tanks, and all new stainless steel appliances. Fruitvale’s residential tenancy market is one of the strongest in the region – with near-zero availability that has consistently pushed rental rates upward, with market rents for furnished 2-bedroom units recently achieving +$2,400/month. Download the brochure at the link below for more info.

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1
  • Annual Tax Amount: $6,754
  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Oven, Refrigerator
  • Architectural Style: Two Story, Fourplex
  • Built in: 2021
  • Construction Materials: Aluminum Siding, Wood Frame
  • Cooling: None
  • Exterior Features: Balcony
  • Floor Space (approx): 2100 Square Feet
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Heating: Baseboard, Electric, Radiant Floor
  • Lot Size: 0.44 Acres
  • Parking Features: Open, Rear/Side/Off Street
  • Roof: Asphalt, Shingle
  • Water Source: Public
  • Sewer: Public Sewer
  • No. of Parking Spaces: 8

Rooms:

  • Bathroom Main Level 1.52 m x 2.13 m
  • Living Main Level 3.66 m x 3.35 m
  • Kitchen Main Level 3.66 m x 4.57 m
  • Primary Bedroom Main Level 3.35 m x 2.74 m

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Location of 1810 First Street, Fruitvale, BC, V0G 1L0

Demographic Information of 1810 First Street, Fruitvale, BC, V0G 1L0

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$111,710.74

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.35 %

High school certificate or equivalent

31.08 %

Apprenticeship trade certificate/diploma

16.28 %

College/non-university certificate

25.63 %

University Degree

9.66 %

Commuter

Travel To Work

By Car

92.77 %

By Public Transit

0.0 %

By Walking

1.97 %

By Bicycle

0.0 %

By Other Methods

5.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.8 %

Houses

78.2 %

Own Vs. Rent