1120 Shuswap Street Se Salmon Arm, British Columbia V1E 1G2

$959,000

Investment Opportunity with Development Upside Here’s your chance to own a fully rented 4-plex on a half-acre lot with approved plans in place to expand to 10 units. Whether you’re a seasoned investor or a builder looking for your next project, this property checks a lot of boxes. The current 4-plex brings in steady rental income, giving you cash flow while you line up your next steps. The lot is flat, easily accessible, and in a growing area with strong rental demand — all the groundwork is done. Approved Drawings and plans, engineering reports, environmental and more. Plans for an additional four plex and two units in the basement have already been approved, so you can hit the ground running. With location, income, and potential all working in your favour, this is a rare find. (id:46156)

Property Details

MLS® Number	10359451
Property Type	Single Family
Neigbourhood	SE Salmon Arm

Building

Bathroom Total	4
Bedrooms Total	8
Architectural Style	Ranch
Constructed Date	1960
Heating Type	Forced Air
Stories Total	1
Size Interior	2,970 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

See Remarks

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	0.5
Size Total	0.5 Ac|under 1 Acre
Size Total Text	0.5 Ac|under 1 Acre
Zoning Type	Multi-family

Rooms

Level	Type	Length	Width	Dimensions
Main Level	Full Bathroom			5'6'' x 7'3''
Main Level	Bedroom			10'6'' x 11'11''
Main Level	Primary Bedroom			10'10'' x 11'3''
Main Level	Kitchen			8' x 9'
Main Level	Living Room			15'3'' x 11'3''
Main Level	Full Bathroom			5'1'' x 7'3''
Main Level	Bedroom			10'8'' x 11'8''
Main Level	Primary Bedroom			10'11'' x 11'3''
Main Level	Kitchen			8'6'' x 7'7''
Main Level	Living Room			15'3'' x 11'3''
Main Level	Full Bathroom			5'6'' x 7'3''
Main Level	Bedroom			10'6'' x 11'11''
Main Level	Primary Bedroom			10'10'' x 11'3''
Main Level	Kitchen			8' x 9'
Main Level	Living Room			15'3'' x 11'3''
Main Level	Full Bathroom			5'1'' x 7'3''
Main Level	Bedroom			10'8'' x 11'8''
Main Level	Primary Bedroom			10'11'' x 11'3''
Main Level	Kitchen			8'6'' x 7'7''
Main Level	Living Room			15'3'' x 11'3''

https://www.realtor.ca/real-estate/28758215/1120-shuswap-street-se-salmon-arm-se-salmon-arm