
3915 SELKIRK AVE
Powell River · MLS® 19779
18 bed · 12 bath · 7,500 sq ft · 27,356 sq ft lot · 6 parking
House · Single Family · built 1965 · 110 days on market
Listed by Robert Henderson, Oakwyn Realty Ltd.
Turnkey 6-unit multifamily investment on a large 27,355 sq ft corner lot with strong income & exceptional future upside. This well-maintained property consists of six spacious 3-bedroom, 2-storey rowhome-style units (approx. 1,250 sq ft each), all fully tenanted and generating $7,715/month. It has been operated as a passive investment, with professional management in place, offering a low-maintenance, hands-off ownership structure. What sets this property apart is the significant development potential. Approximately 8,000 sq ft of excess land remains underutilized, with preliminary support from the City of Powell River Planning Department for potential subdivision and rezoning from RM2 to RM4--creating a rare opportunity for future density. Lower entry price vs. Vancouver properties and higher yield potential. Opportunity to combine cash flow + land appreciation + redevelopment. INCOME TODAY & DEVELOPMENT TOMORROW
- Type
- House, Single Family
- Bedrooms
- 18
- Bathrooms
- 12
- Living area
- 7,500 sq ft
- Lot
- 27,356 sq ft
- Parking
- 6
- Year built
- 1965
- Property tax
- $12,076 / yr
- Days on market
- 110
- MLS®
- 19779
- Southern exposure
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
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