Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$1,500,000 $8,052 est/mo Sourced by Back At You
3915 Selkirk Ave,Powell River, BC V8A3C5
Powell River, BC V8A3C5
Description
Turnkey 6-unit multifamily investment on a large 27,355 sq ft corner lot with strong income & exceptional future upside. This well-maintained property consists of six spacious 3-bedroom, 2-storey rowhome-style units (approx. 1,250 sq ft each), all fully tenanted and generating $7,715/month. It has been operated as a passive investment, with professional management in place, offering a low-maintenance, hands-off ownership structure. What sets this property apart is the significant development potential. Approximately 8,000 sq ft of excess land remains underutilized, with preliminary support from the City of Powell River Planning Department for potential subdivision and rezoning from RM2 to RM4--creating a rare opportunity for future density. Lower entry price vs. Vancouver properties and higher yield potential. Opportunity to combine cash flow + land appreciation + redevelopment. INCOME TODAY & DEVELOPMENT TOMORROW (id:13843)
Details
| MLS # | 19779 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Status | Active |
| Year | 1965 |
| Days On Site | 126 |
| Listing Provided By | Oakwyn Realty Ltd. | Robert Henderson |
Features
| Bed(s) | 18 |
|---|---|
| Bath(s) | 12 Total |
| SQ Feet | 7,500 |
| Acreage | 0.63 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Natural gas, Other |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Southern exposure |
|---|
Parking
| Parking Features | Other, Other |
|---|---|
| Parking Total | 6 |
Taxes
| Tax Annual Amount | 12076 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Powell River |
| Postal Code | V8A3C5 |
| Listing VS Median (in V8A3C5) | |
Price: $1,500,000 low | high Med: $1,500,000 sqft: 7,500 low | high Med: 7,500 $ / sqft: $200 low | high Med: $200 On site: 126 low | high Med: 126 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Powell River |
| Postal Code | V8A3C5 |
| Listing VS Median (in V8A3C5) | |
Price: $1,500,000 low | high Med: $1,500,000 sqft: 7,500 low | high Med: 7,500 $ / sqft: $200 low | high Med: $200 On site: 126 low | high Med: 126 | |
Listing Updated: September 29, 2026 at 4:42:11 AM PDT
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