Multi-family for sale

5662 Hightide Avenue, Sechelt District, Sechelt

$4,000,000 or
$4,000,000 or

Multi-family for sale

5662 Hightide Avenue, Sechelt District, Sechelt

Features

Lifestyle
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Year Built
1987
Floor Area
23,633 sqft
Lot Size
23,633 sqft
Gross Property Tax
$34,090.11 /year
Building Type
Low Rise (2-4 storeys)
Zoning
R-4
Suite Mix Information
1 x Bachelor/Studio, 20 x 2 ½
Total no. of Units
21
68

Description

Introducing Inlet Apartments---a rare investment opportunity located just four blocks from Sechelt’s vibrant town center. This well-maintained, 21-unit building, built in 1987 on three city lots, offers 20 spacious two-bedroom units and 1 studio, with free parking and convenient access to major retail, hospitals, and schools. With a live-in manager ensuring regular upkeep and renovations during tenant turnover, this property offers significant upside potential, boasting a 75% gap to market rents. Additional value-add opportunities through strategic capex investments make Inlet Apartments a compelling prospect for savvy investors looking to capitalize on Sechelt's growth.
MLS® Number C8063748

Listing REALTOR®

Nathan Legg, REALTOR<sup>®</sup>

Nathan Legg

REALTOR®

CDNGLOBAL

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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