4753 Joyce Av - Apartments FOR SALE


Powell River, BC V8A 3B5
$8,800,000 CAD
604-353-9468

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$8,800,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

4753 Joyce Av
Powell River, BC V8A 3B5


HIGHLIGHTS

  • Recently built home with modern finishes and efficient floor plan.
  • Located on Joyce Avenue, providing convenient access to local amenities and services.
  • Strong short-term rental potential with high estimated daily and monthly rates.
  • Situated in a scenic coastal community known for outdoor recreation and quality of life.
  • Large lot size offers flexibility for future development or expansion.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,800,000 CAD

PRICE/SF

$124 CAD /SF

# OF UNITS

29

PRICE/UNIT

$303,448

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4747-4753 Joyce Av

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

CD-5 & C-1

APN/PARCEL ID

010223282,010223312

ASK ABOUT THIS PROPERTY

Nick BodiePhoenix Commercial RealtyMore Info
604-353-9468

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Nick BodiePhoenix Commercial RealtyMore Info
604-353-9468

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.