$849,000

428 HILLCREST Avenue, Oliver

Oliver, Oliver, BC V0H1T0

7 bd · 4 ba · 3,000 sq ft · Townhome / duplex

Listed by RE/MAX Wine Capital Realty

About this property

INVESTOR ALERT! Rare FOURPLEX ideally located close to downtown Oliver and directly across from beautiful parks & walking trails. This solid, well-maintained building offers 4 legal income-generating suites, an excellent opportunity for both seasoned and entry-level investors. The property features 3 units with 2 beds/1 bath and 1 unit with 1 bed/1 bath. Each suite is equipped with its own laundry and hot water tank (approx. 6 years old), providing convenience for tenants and ease of management. Extensively renovated in 2022, the building was brought fully up to code with major upgrades including soundproof and fire-rated walls & ceilings, fire-rated doors, smoke detectors and more. Unit 2 has been recently refreshed with new flooring, window coverings, paint & appliances. All units offer updated bathrooms, with newer flooring in all but one unit. Charming covered porches have been upgraded with treated wood decking, new railings & stairs. A shared, secure storage area adds further functionality. Two units have new tenants coming in at market rent, with total revenue of $4,794/month and potential for further upside. Ample on-site parking and low-maintenance landscaping complete the package. Unbeatable location within walking distance to shops, schools, groceries, restaurants, recreation and all town amenities. A rare opportunity to secure a turn-key investment in the heart of Oliver. Contact listing agent for full details! (id:67417)

Property details

Price

$849,000

MLS® number

10384891

Property type

Townhome / duplex · Fourplex · Single Family

Ownership

Freehold

Bedrooms

7

Bathrooms

4

Living area

3,000 sq ft

Lot size

0.14 acres · 0.14

Year built

1960

Storeys

2

Parking spaces

6

Annual taxes

$4,318

Community

Oliver, Oliver

Features

Basement

Full

Heating

Baseboard heaters, Electric

Cooling

See Remarks

Parking

Other, Additional Parking

View

Mountain view

Roof

Asphalt shingle, Unknown

Exterior

Stucco

Appliances

Washer, Refrigerator, Range, Dryer

Water

Municipal water

Sewer

Municipal sewage system

Rooms

Level	Room	Size
Second level	Dining room	8'2'' x 11'4''
Fourth level	4pc Bathroom
Fourth level	Laundry room	5'7'' x 6'8''
Fourth level	Bedroom	10' x 10'
Fourth level	Living room	10'10'' x 16'
Fourth level	Kitchen	7'8'' x 11'9''
Third level	Kitchen	8'10'' x 13'6''
Third level	4pc Bathroom
Third level	Laundry room	5'7'' x 6'8''
Third level	Bedroom	10' x 10'
Third level	Bedroom	10' x 10'
Third level	Living room	12'4'' x 17'6''
Second level	Kitchen	8' x 11'4''
Second level	4pc Bathroom	5' x 7'7''
Second level	Bedroom	8'8'' x 12'5''
Second level	Primary Bedroom	11'6'' x 11'11''
Second level	Living room	16'4'' x 20'2''
Main level	Kitchen	11'3'' x 12'3''
Main level	4pc Bathroom
Main level	Bedroom	11'7'' x 11'8''
Main level	Bedroom	11'9'' x 12'2''
Main level	Living room	11'8'' x 16'8''

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