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4747-4753 Joyce Av 4753 Joyce Av 29 Unit Apartment Building $6,408,902 USD ($220,997 USD/Unit) Powell River, BC V8A 3B5
Investment Highlights
- Recently built home with modern finishes and efficient floor plan.
- Strong short-term rental potential with high estimated daily and monthly rates.
- Large lot size offers flexibility for future development or expansion.
- Located on Joyce Avenue, providing convenient access to local amenities and services.
- Situated in a scenic coastal community known for outdoor recreation and quality of life.
Executive Summary
Comprising four legal titles over 1.65 acres (71,875 sq. ft.) of site area, this CD-5 zoned property offers a blend of stable and diversified income (Phases 1 - 3) plus shovel-ready expansion (Phase 4). This property grouping along Joyce Avenue in Powell River offers a rare opportunity to acquire residential assets in a growing coastal community. The homes are situated on a sizable lot, providing flexibility for future redevelopment or continued use as income-generating residences. With modern construction completed in the 2020s, the primary home features four bedrooms and two bathrooms across approximately 1,026 square feet, ensuring contemporary design and efficient layouts.
Property Facts
| Price | $6,408,902 USD | Apartment Style | Low-Rise |
| Price Per Unit | $220,997 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.65 AC |
| No. Units | 29 | Building Size | 70,803 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2020 |
| Zoning | CD-5 & C-1 - Commercial | ||
| Price | $6,408,902 USD |
| Price Per Unit | $220,997 USD |
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.65 AC |
| Building Size | 70,803 SF |
| No. Stories | 2 |
| Year Built | 2020 |
| Zoning | CD-5 & C-1 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 18 | - | - |
1 1
Walk Score®
Very Walkable (78)
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Presented by
Phoenix Commercial Realty
4747-4753 Joyce Av | 4753 Joyce Av
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