$989,000

1118 Erickson Street, Creston, British Columbia, V0B 1G0

MLS® # 10386440

Creston BC, V0B 1G0

MLS® # 10386440

Property Information:

Welcome to 1118 Erickson Street! A fantastic chance to own a multifamily 6-plex situated on a spacious 0.25 acre lot in the heart of beautiful Creston! Whether you’re looking to expand your investment portfolio, live in one unit while generating income from the others, or self-manage a cash-flowing property, this one checks the boxes. This well-maintained building features shared laundry, on-site parking, and approximately $6,500/month in rental income (currently confirming latest tenancy agreements). Opportunities like this are hard to find in a market like Creston, which has historically maintained an extremely low vacancy rate. Located in a convenient area close to shopping, schools, restaurants, parks, and everyday amenities, tenants love the accessibility and small-town lifestyle Creston offers. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Exterior Finish: Stucco, Vinyl siding
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Baseboard heaters

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Golf Nearby, Park, Recreation
Built in: 1976
Features: Level lot
Irregular: Yes
Landscape Features: Landscaped
Lot Size: 0.26 Acres
Sewer: Municipal sewage system
Parking Type:

Courtesy of: Stonehaus Realty (Kelowna)

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⚠ Potential Investment Performance

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Market Price Trends

Location of 1118 Erickson Street, Creston, British Columbia, V0B 1G0

Lifestyle
Neighbourhood

Demographic Information of 1118 Erickson Street, Creston, British Columbia, V0B 1G0

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$83,162.39

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.24 %

High school certificate or equivalent

38.72 %

Apprenticeship trade certificate/diploma

12.84 %

College/non-university certificate

17.25 %

University certificate (below bachelor)

1.17 %

University Degree

7.79 %

Commuter

Travel To Work

By Car

86.32 %

By Public Transit

0.0 %

By Walking

10.04 %

By Bicycle

1.84 %

By Other Methods

1.8 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

16.07 %

Houses

83.93 %

Own Vs. Rent