Multi-family for sale
32995 1st Avenue, Mission BC, Mission
$1,930,000
Features
Floor Area
5,072 sqft
Lot Size
4,792 sqft
Gross Property Tax
$5,010 /year
Building Type
Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Zoning
CH1
Amenities
Laundry Facility, Paved Yard
Suite Mix Information
x Bachelor/Studio, 10 x 1 ½, 1 x 2 ½
Description
Excellent investment opportunity to acquire a 15-unit multifamily building in a high-exposure location along 1st Avenue / Lougheed Highway in the growing City of Mission. This income-producing property features a well-balanced unit mix Of 4 studio suites, 10 one-bedroom suites, and 1 two-bedroom suite, with gross monthly revenue exceeding $14,800. Significant capital upgrades have been completed over the years, including roof replacement in 2019, hot water boiler system replacement in 2017, and PBX/ copper plumbing upgrades in 2015, along with updated light fixtures and appliances, helping support long-term value and operational stability. Ideally situated close to transit, shopping, and everyday amenities, the property benefits from strong tenant appeal in a convenient and accessible location. A compelling opportunity for investors seeking stable cash flow, upside potential, and long-term appreciation. Contact us for more information.
MLS® Number C8077715