661/667 Russell Lane, Lillooet, British Columbia

Listed for:
$399,000
6 beds
4 baths
Listed 98 days ago
Fourplex for rent: 661/667 Russell Lane, Lillooet, British Columbia

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Listing provided by:
EXP REALTY
MLS® number:
176491
Agent:
Casie Menhinick
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About

Nestled in the heart of Lillooet, BC, this fully tenanted 4plex presents a unique investment opportunity for those seeking a blend of stable income and idyllic living. The property consists of four distinct units, each with its own character and amenities, catering to a variety of tenant needs and preferences. Unit 3 is a gem within the complex, featuring 2 comfortable bedrooms and 1 bathroom, complemented by a lower level dedicated to laundry and shared utilities. This unit extends into a spacious side yard, perfect for leisure and outdoor activities, and grants access to a detached workshop. The workshop, measuring an impressive 24x27 feet, has been recently updated with hardie board siding, offering ample storage and workspace for hobbies or projects. Unit 2 is designed with efficiency in mind, offering a cozy 1 bedroom suite equipped with convenient in-unit laundry, making it an ideal space for singles or couples. Similarly, Unit 1 provides a 1 bedroom suite with in-unit laundry facilities, ensuring privacy and comfort for its occupants. Unit 4 stands out with its extensive updates and thoughtful layout. This lower suite boasts 2 bedrooms and separate laundry facilities, which could be transformed into a 3rd bedroom if desired. The living area is adorned with laminate flooring and flows seamlessly into the dining and kitchen areas, creating an inviting open-concept space. All units are currently occupied by excellent long-term tenants, generating a combined monthly income of $2,346, with tenants responsible for their own BC Hydro expenses. The property has seen significant updates, including a new roof in 2014, electrical improvements, and the installation of current Hot Water Tanks for each unit, ensuring minimal maintenance concerns for the new owner. The 4plex is conveniently located within walking distance to Lillooet's central town area, where residents can enjoy easy access to groceries, bakeries, coffee shops, banking, pharmacies, and more, all whil (id:27476)

Property Highlights

Type
Fourplex
Cooling type
Heating fuel
Electric
Fireplace
No
Construction material
Parking space
Ownership Type
Freehold
Amenities nearby

Location

Summary

For sale is a Freehold property located in the charming town of Lillooet, BC. This 4plex is fully tenanted, offering a unique investment opportunity for those looking for a stable income and a peaceful lifestyle.

The property consists of four units, each with its own unique features and amenities to cater to different tenant needs. Unit 3 is a standout, with 2 bedrooms, 1 bathroom, and a lower level dedicated to laundry and shared utilities. It also includes a spacious side yard and access to a detached workshop, perfect for leisure and hobbies.

Unit 2 is designed for efficiency, offering a cozy 1 bedroom suite with in-unit laundry, ideal for singles or couples. Similarly, Unit 1 provides a 1 bedroom suite with in-unit laundry facilities for privacy and comfort.

Unit 4 has been extensively updated and features a thoughtful layout, with 2 bedrooms, separate laundry facilities, and a spacious living area adorned with laminate flooring.

All units are currently occupied by long-term tenants, generating a combined monthly income of $2,346. The property has seen significant updates, including a new roof in 2014, electrical improvements, and the installation of current Hot Water Tanks for each unit, ensuring minimal maintenance concerns for the new owner.

The 4plex is conveniently located within walking distance to Lillooet's central town area, providing easy access to groceries, bakeries, coffee shops, banking, pharmacies, and more.

This property has a land size of 7956 sqft and is located on 661/667 Russell Lane in the community of Lillooet, British Columbia. It features a total of 4 bathrooms, 5 bedrooms, and a detached building construction style with electric baseboard heaters. The property type is a Fourplex.

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