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Real Estate Flat-Fee
and Mere Posting Services
MLS: X4010947 For Sale: $1489900
   
Detached 2-Storey
3 Bedrooms, 3 Bathrooms
402 & 410 Cedar 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):

Scott Duke

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:Detached
Total Rooms:8
Bedrooms:3
Washrooms:3
Kitchens:1
Building Style:2-Storey
Garage:4, Attached
Parking:12 parking spaces
Driveway:Private
Other Structures:Aux Residences
Basement:Fin W/O
Building
Sewer:SewersWater:Municipal
 
Heating/AC
Heating:Forced AirA/C:None
Fuel Source:Gas
 
Land
Lot Size:1.57 X 0.00 AcresTaxes:7,271.19
 
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:
General Property Highlights:

- Property generates $132,000 in cash flow per year
- At current list price, with 15% down, and a 2.9% mortgage the investment provides a 16% ROI
- Both properties are zoned RR2V - Which is the legally required zoning in Revelstoke to rent a home short-term
- Per Sq. Ft. cost at current list price is $263. Compare to other vacation properties selling at between $350 and $450 a Sq. Ft.
- Buyers interested in living on the property, can live rent and mortgage free, by using income from one rental home to pay for the entire property. Current owners have used this investment model for the last six years.
- Alternatively, buyers interested in purchasing solely as an investment can experience above average returns, by renting both properties.
- Lots are large, private, surrounded by mature forest, adjacent to undeveloped park land, on a private dead end road, and only an 8 minute walk to downtown.
- Both homes are newly renovated and come with all furnishings, allowing buyer a turn-key operation.
- Proven historical revenue, with three years of financials.
- Currently managed by Revelstoke Property Services.
- Parking for 12 + vehicles, or trailers.
- Property pays residential tax.
- Spectacular views of Mt. Begbie, Mt. Macherson, Mt. MacKenzie, Mt. Boulder and whole city.



410 Cedar Street:
- Year Built - 1969
- House - Sq. Ft. - Up 1,507, Down - 837
- Total - Sq. Ft. - 2,344
- Land - 118 x 226.18 ft = .61 of an acre
- Bedrooms - 5
- Bathrooms - 3
- Garage - 2 car, one open bay, one closed bay
- Heating - Propane forced air, and wood stove
- Insulation - Blown foam in basement, fiberglass in upstairs walls, fiberglass and wood fiber in ceiling
- Completely Renovated in 2015
- 200 Amp Service
- 24x24 deck, with massive dry storage underneath for toys
- Cherry hardwood floors throughout house
- 2015 Beachcomber Hot Tub
- Large ski mud room designed for outdoor activities
- Newer torch-on roof with 15 years remaining life
- New city water and sewer line installed in 2015
-

402 Cedar Street:

- Year Built - 2012
- Sq. Ft. - Main - 768, Basement - 768, Loft 416
- Sq. Ft. - Total - 1952
- Land - 1 Acre
- Bedrooms - 4
- Bathrooms - 3
- 40R Value foam insulation throughout
- High efficiency water tank
- High efficiency air exchange system
- Real hardwood floors and hardwood ceiling in great room
- 2016 Beachcomber hot tub
-


402 Cedar Shop:

- Year Built - 1993
- 200 amp service
- Sq. Ft - 1,360
- 3 bays
- Heated with electrical and Propane
- 100,000 B.T.U Vantage Infra Red Propane Heat system
- R 20 fiberglass in walls, R 40 in ceiling (2" x 6") exterior walls
- Extra storage bay added in 2017
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): Scott Duke
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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