Primary photo of 428 HILLCREST Avenue, Oliver
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Fourplex For Sale

$899,000

MLS® Number: 10368914

Bedrooms

7

Bathrooms

4

Floor Area

3,000

Land Size

0.14

Year Built

1960

428 HILLCREST Avenue, Oliver, British Columbia

About This Property

INVESTOR ALERT! Rare 4-plex close to downtown Oliver and across from beautiful parks & walking trails. Great investment opportunity with 4 legal income-generating suites in a solid, well-maintained building. The property includes 3 units each with 2 bedrooms and 1 bath, and 1 unit with 1 bedroom/1 bath. Each unit has their own laundry & hot water tank (approx.6 yrs old). The building went through a major renovation in 2022 to bring everything to code including soundproof & fireproof walls & ceilings, fire rated doors, smoke detectors, etc. Unit 2 is currently vacant and has been refreshed with new flooring, window coverings, paint & appliances. All units have updated bathrooms & newer flooring in two other units. Cute, covered porches have had their decks, railing & stairs replaced with treated wood. Shared, secure storage area. Lots of parking available. Low maintenance landscaping. Good month-to-month tenants in place with room to increase rents to market levels if vacated. 3 units are tenanted, one is vacant. Live in one unit and rent out the others or keep it fully rented for maximum return. Great location and walking distance to shops, schools, groceries, restaurants, recreation and town amenities. Inquire for more details on this rare investment opportunity in the heart of Oliver!

Property Details

Interior Details

Appliances

Washer, Refrigerator, Range, Dryer

Basement

Full

Bathrooms Partial

0

Bathrooms Total

4

Bedrooms Total

7

Cooling

See Remarks

Heating

Baseboard heaters, Electric

Living Area

3000 sqft

Building & Exterior

Exterior Features

Stucco

Parking Features

Other, Additional Parking

Stories

2.0

Year Built

1960

Land & Location

City Region

Oliver

Lot Size Area

0.14 acres

Lot Size Dimensions

0.14

Parcel Number

012-868-558

Postal Code

V0H1T0

Listing & Financials

Listing Office

RE/MAX Wine Capital Realty

Originating System Name

Association of Interior REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Parking Total

6

Mortgage Calculator

20% ($179,800)
5.5%
25 Years

Estimated Monthly Payment

$4,417

Principal and interest only. Actual rates may vary.

Location & Map

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