$725,000 Sale

Listed 102 days ago

511 Church Avenue

MLS® 10393467 Residential Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 6737

Est. mortgage

$2,750/mo

Key Facts

Key facts for 511 Church Avenue

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

10393467

Size

6737 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

1930

Maintenance Fee

Description

Phenomenal development opportunity in the heart of Canada's wine capital. Zoning changes and Official Community Plan modifications already in place: Rezoned TC/Town Centre: uses include apartment building, gallery, studio, office, childcare, recreation, hotel, personal service or retail. Plans in pl...ace to convert existing United Church building to 8 purpose-built residential rental units (6 -1 bed, 1 bath , and 2 -2 bed, 2 bath), with dedicated parking spots (7, including 5 spots via easement over adjoining vacant lot at 545 Church). Acknowledging the building's history, upper level suites in the church conversion will incorporate 13.5 foot vaulted ceilings and stained glass windows. Resubmission of existing plans is the only requirement for building permits. Building as planned enables projected net annual cashflow north of $100,000 in residential rental income. Project revitalization would benefit from significant pre-paid soft cost investments including offsite levies, development charges and utility connections, and asbestos and radon remediations. 545 Church parcel is also being offered for sale separately (see mls#10393499), or combined with 511 Church (see mls#10393143). All listing marketing measurements approximate. Buyer to verify. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

6737 sqft

Heating Type

Forced air, See remarks

Air Conditioning

Central air conditioning, Wall unit, Window air conditioner

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

6737 sqft

Heating Type

Forced air, See remarks

Air Conditioning

Central air conditioning, Wall unit, Window air conditioner

Full Bathrooms

Half Bathrooms

Exterior

Acreage

0.16 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Roof Material

Asphalt shingle

Acreage

0.16 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Roof Material

Asphalt shingle

Building Description

Home Type

Commercial

Subtype

Residential Commercial Mix

Year Built

1930

Exterior

Stucco

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Commercial

Subtype

Residential Commercial Mix

Year Built

1930

Exterior

Stucco

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Oliver

Area Code

Oliver

Community

Oliver

Area Code

Oliver

Other

Virtual Tour Link

https://unbranded.youriguide.com/511_church_ave_oliver_bc

Virtual Tour Link

https://unbranded.youriguide.com/511_church_ave_oliver_bc

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Lana Pontello

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