1600 DEPOT RD
$1,599,000
$624/sf
Description
INVESTOR GEM ALERT! Exceptional income-generating opportunity at 1600 Depot Road in desirable Brackendale! This 8-bedroom, 3-bathroom home currently generates $7,920 per month in rental income. Zoned R-3, the property offers exciting development potential, with the possibility of building two additional strata-titled residences at the rear, benefiting from convenient street access, subject to municipal approvals. Imagine having an established income-producing property helping carry your holding and development costs while you plan and build! Whether you're looking to expand your investment portfolio or capitalize on future development opportunities, this property offers the best of both worlds: strong rental income today and exceptional potential for tomorrow!
Features
Type
Single Family Residence
Year Built
1969
Heating
Electric
Sqft
2,563 sf
Bedrooms
8
Bathrooms
3
Garage
Single
Lot Size
8,336 sf
Amenities
None AvailableListing By Engel & Volkers Whistler
This representation is based in whole or in part on data generated by the Chilliwack and District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assume no responsibility for its accuracy
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