5580 Manson Ave | $1,688,000 | MLS® 19040
Nick Bodie* Agent Photo
Nick
Bodie*
C. (604) 353-9468
P. (604) 485-4231
Phone Nick
ROYAL LEPAGE POWELL RIVER
4766 Joyce Ave.
Powell River, BC
Canada V8A 3B6
MLS® 19040

Details

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Years (35 year max)
Years



Address 5580 Manson Ave
AreaPowell River
Sub AreaPR Cranberry
State/ProvinceBritish Columbia
CountryCanada
Price$1,688,000
Property TypeBusiness w/Bldg & Land
Floor Space6198 Square Feet
Lot Size0.82 Acres
Year Built1965
Taxes $19,098
Tax Year2024
MLS® #19040

APARTMENT BUILDING INVESTMENT - Manson Manor comprises 12 large 2 bedroom apartments tucked away in a private, landscaped setting in the quiet neighborhood of Cranberry. 100% occupied to long term tenants and generating strong cash-flow this property investment offers investors a 6% cap rate. Average rents are below market levels so there is significant upside for income growth in the years ahead. Each unit has it's own laundry, hydro meter, balcony and parking space. The property is located on a bus route with regular service into Westview. The recreation complex is close by and other local amenities, including a grocery store, shops, restaurants and senior services are within walking distance. Cranberry Lake, Inland Lake and many walking and biking trails are also nearby. This is an excellent long term investment opportunity. Call the listing agent for a more info, including financials - actual and projections and to arrange a viewing.

Location

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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