Investment Opportunity with Development Upside Here’s your chance to own a fully rented 4-plex on a half-acre lot with approved plans in place to expand to 10 units. Whether you’re a seasoned investor or a builder looking for your next project, this property checks a lot of boxes. The current 4-plex brings in steady rental income, giving you cash flow while you line up your next steps. The lot is flat, easily accessible, and in a growing area with strong rental demand — all the groundwork is done. Approved Drawings and plans, engineering reports, environmental and more. Plans for an additional four plex and two units in the basement have already been approved, so you can hit the ground running. With location, income, and potential all working in your favour, this is a rare find. (id:2493)
Data was last updated August 25, 2025 at 02:15 AM (UTC)
Area Statistics
Listings on market:
77
Avg list price:
$450,000
Min list price:
$189,900
Max list price:
$2,600,000
Avg days on market:
81
Min days on market:
2
Max days on market:
485
Avg price per sq.ft.:
$264.71
These statistics are generated based on the current listing's property type
and located in
SE Salmon Arm. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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