575 EVERGREEN DRIVE, Port Edward

2025-02-25
 

Quick Summary

Location
575 EVERGREEN DRIVE, Port Edward, British Columbia V0V1G0
Price
$550,000 CAD
Status:
For Sale
Property Type:
Multi-family
Year of Construction:
1970

MLS®#C8066956

Property Description

Evergreen Apartments is located in sunny Port Edward, situated on an extensive flat 14,334 sq. ft. lot across from a ballpark and close to a marina. This building features eight 1-bedroom units and a common area for laundry facilities. Each unit is equipped with baseboard heating and has its own hydro meter. The property is generating cash flow, and professional property management is already in place. The gated backyard provides ample parking and storage options. With potential for optimization in the coming years, this building promises long-term value appreciation. Currently, the property is generating rental income of $5,097.87 per month. (id:32467)

Property Features

Building

  • Amenities: Street Lighting
  • Fireplace: No

Land

  • Land Size: 0.32 ac

Storage Type

  • Storage Type: Outside Storage

Information entered by RE/MAX Coast Mountains (PR)
Listing information last updated on: 2025-11-23 22:06:02


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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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