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Real Estate Flat-Fee
and Mere Posting Services
MLS: X3950501 For Sale: $1250000 For Sale
   
Investment 7500 Sq Ft
1001 W Third St, Revelstoke
British Columbia V0E 2S0




This is a Mere Posting. Seller reserves the right to sell "by owner"
REALTORS® and general public may contact the Seller directly for all enquiries concerning the property.

Seller Name(s):

Brydon Roe

Telephone #: 

250-814-7062

Seller reserves the right to sell "by owner"
REALTORS® and general public may contact the Seller directly for all enquiries concerning the property

Property
Building Type:Investment
Garage:Covered
Parking:12 parking spaces
Building
Sewer:SanitaryWater:Municipal
 
Heating/AC
Heating:Water RadiatorsA/C:N
 
Land
Lot Size:75.00 X 100.00 FeetTaxes:8,000.67 Annual
 
Rooms:
Type Level Size Features
 
Other Property and Area Features:

 
MLS® Data provided by Toronto Real Estate Board.
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
Information in the section below, including any additional descriptions, measurements, photos, attachments, or any links to Seller's private website has been provided by the Seller and has not been verified by the brokerage. The Listing Brokerage is not responsible for the information below and has made no representation regarding its accuracy:
Long-term tenanted building, currently 100% occupied. Historical high levels of occupancy for the last four years. Downtown location within walking distance to all amenities in Revelstoke.

15 unit building (12 - 1 beds, 2 - 2 beds, 1 - bachelor)
Lot Size - 100x75

Long-Term stable tenants. Average age is 35.
On-site laundry room
Storage for each unit
Covered parking for 75% of the units
New hot water tank
Upgrade to heating system in 2017
Large windows in every unit and every bedroom
25% of units have decks
New roof in 2008
Electrical meter for each unit
Centralized boiler system heating

Price per unit
$80,000
Cap rate
6.66%

Occupancy percentage
100%

Features of the units:
Large windows
Open concept, living room and kitchen
Very large bedrooms with full closets

Future Potential:
Proof of concept with sister building a $324,000 investment can bring the cap rate up to 12.05%
Current owner is also open to selling an equity stake.

Building management:
Managed for the last 4 years by Revelstoke Property Services
ATTENTION REALTORS®:

Times Realty Group Inc., Brokerage is strongly committed to helping you and the seller make a fantastic deal.  Most of our sellers understand the value that REALTORS® bring to the table when working with buyers and may be willing to co-operate under mutually acceptable terms.

This listing is posted through the MLS® System of Toronto Real Estate Board. If you are not a TREB member, you may access this TREB listing through your Board's or Association's MLS® "Connect" system

Subject to your agreement and strict compliance with the following terms, the Listing Brokerage hereby consents to you contacting the seller directly for enquiries about this property including additional information, showings, offer presentations and commission enquiries:
  • You agree not to solicit the seller for any other services.
  • You agree to immediately notify the listing brokerage when an offer from your buyer is accepted, conditions removed, or deal falls through, and forward copies of all accepted offers, amendments, waivers, or releases to the listing brokerage.
  • You agree that in the unlikely event that this listing is not available, you will bring it to our attention immediately, so that we could address it with the seller and have it removed if necessary.

Contacting the Seller directly constitutes your acceptance of these terms and conditions.

To document your commission agreement with the seller, you may use the following forms:

For properties in Ontario, use OREA Form 202, "Seller Commission Agreement with Co-operating Brokerage For A Listed Property":
CLICK HERE to download Ontario Form.

For properties in Alberta, use AREA Form, "Seller Customer Acknowledgement and Fee Agreement":  
CLICK HERE to download Alberta Form.

 

Seller Name(s): Brydon Roe
Telephone:
250-814-7062



Seller reserves the right to sell "by owner"
REALTORS® and general public may contact the Seller directly for all enquiries concerning the property.

Times Realty Group Inc., Brokerage (Times Realty) makes best efforts to ensure that all listings posted on this website are current, are available for showings and for immediate registration of offers.  However, due to the nature of mere posting program, we rely on sellers to report changes in their listing status to us.  If you encounter a listing on our system that is not available, please bring it to our attention, and we will address it with the seller immediately.  

Any additional marketing exposure beyond REALTOR.ca, or www.listmenow.ca, may be provided by third-party private sale companies, or FSBO advertising websites.  Times Realty assumes no liability for their performance or contents.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Used under license.

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Not intended to solicit properties currently listed for sale or individuals currently under contract with other brokers.

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