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77 Billiter Avenue

4 Unit Block of Flats £369,291 (£92,323/Unit) 6.05% Net Initial Yield Princeton, BC V0X 2W0

Executive Summary

4 UNITS - Commercial/residential mixed-use revenue property located in the heart of downtown Princeton. Featuring 3 residential apartments (1 bedroom + den, 2 bedroom, and a 3 bedroom) & a commercial space that currently generates $4,912 per month & $58,944 per year. The Commercial space has the flexibility to be separated into two smaller units if needed. The 100 x 100 ft lot is centrally located to all shopping amenities downtown and is next to prime development property. C2 ZONING allows for NO setbacks! Amazing for future development. Excellent tenants with zero vacancy make this a perfect option for investment in Princeton's growing community!

Property Facts

Price £369,291
Price Per Unit £92,323
Sale Type Investment
Net Initial Yield 6.05%
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Size 3,000 SF
Number of Floors 2
Year Built 1950
Parking Ratio 1.67/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 2 - 750
2+1 1 - 750
3+1 1 - 750

zoning

Zoning Code C2
C2
  • Listing ID: 31878814

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: 77 Billiter Avenue, Princeton, BC V0X 2W0

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