Property Description
4 SUITES • $7,087/MONTH RENTAL INCOME • 0.22-ACRE MF1 LOT Well-maintained and thoughtfully upgraded, this fourplex offers an excellent investment opportunity with strong rental income, spacious suites and valuable future potential. Situated on a generous 0.22-acre MF1-zoned lot with convenient dual access from both Raymer Avenue and Bouvette Street, the property combines functionality with long-term upside. The building features four spacious 2-bedroom, 1-bathroom suites, each with its own private entrance and outdoor living area surrounded by generous green space. The upper suites are approximately 1,100 sq. ft. each, while the lower suites are approximately 1,000 sq. ft. each. All suites have been well cared for and thoughtfully upgraded. Tenants enjoy designated parking, on-site storage and convenient coin laundry, adding to the property's appeal and ease of management. Current rents total an impressive $7,087/month, with 1179A at $1,800, 1179B at $2,100, 1175A at $1,367 and 1175B at $1,820. With four established rental units, a large MF1-zoned lot, dual access and strong existing income, 1175–1179 Raymer Avenue is an attractive opportunity for investors looking for reliable cash flow and future potential in a desirable location. (id:6770)
Overview
Price
$
1,749,000
MLS #
10394668
Age
1973
Size
4220 sqft
Lot Size
0.22
acres
Bedrooms
8
Bathrooms
3
Exterior
Stucco
Water
Municipal water
Sewer
Municipal sewage system
Flooring
Carpeted, Vinyl
Property Type
Single Family
Roof
Unknown
Local Amenities
Public Transit, Park, Recreation, Schools, Shopping
Stories
2
Listing Office
Judy Lindsay Okanagan
Main level
Bedroom
11' x 11'
Living room
13' x 18'
Primary Bedroom
13' x 13'
Kitchen
10' x 10'
Full bathroom
6' x 8'
Bedroom
11' x 11'
Primary Bedroom
13' x 13'
Kitchen
10' x 10'
Full bathroom
6' x 8'
Second level
Primary Bedroom
13' x 13'
Dining room
10' x 10'
Bedroom
11' x 11'
Kitchen
13' x 11'
Full bathroom
6' x 8'
Primary Bedroom
13' x 13'
Living room
13' x 18'
Kitchen
13' x 11'
Bedroom
11' x 11'
Living room
13' x 18'
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