450 Maquinna Cres Gold River, British Columbia V0P 1G0

Baseboard Heaters Acreage


Garden Apartments (52 townhomes and 12 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (12 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 26 three-bedroom townhouses. All units are individually metered for heat, hot water and hydro. Purchase with a 6 percent plus cap rate on your investment with only 40 of the sixty-four units rented. After updating and renting the remaining 24 units, your cap rate could double to over 13 percent! Achievable monthly rents are:$700 for 1-bedroom suites, $800 for 2-bedroom townhomes and $900 for 3-bedroom townhomes. Call listing agents for an NDA to receive financials. (id:57458)

Property Details

MLS® Number 957213
Property Type Multi-family
Neigbourhood Gold River
Features Corner Site
Plan Vip19924
View Type Mountain View


Constructed Date 1967
Fire Protection Fire Alarm System
Heating Fuel Electric
Heating Type Baseboard Heaters
Size Exterior 1 Sqft
Type Multi-family


Acreage Yes
Size Irregular 3.87
Size Total 3.87 Ac
Size Total Text 3.87 Ac
Zoning Type Unknown



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