Turnkey 6-unit multifamily investment on a large 27,355 sq ft corner lot with strong income & exceptional future upside. This well-maintained property consists of six spacious 3-bedroom, 2-storey rowhome-style units (approx. 1,250 sq ft each), all fully tenanted and generating $7,715/month. It has been operated as a passive investment, with professional management in place, offering a low-maintenance, hands-off ownership structure. What sets this property apart is the significant development potential. Approximately 8,000 sq ft of excess land remains underutilized, with preliminary support from the City of Powell River Planning Department for potential subdivision and rezoning from RM2 to RM4--creating a rare opportunity for future density. Lower entry price vs. Vancouver properties and higher yield potential. Opportunity to combine cash flow + land appreciation + redevelopment. INCOME TODAY & DEVELOPMENT TOMORROW (id:44056)

Property Details

Full Address:
3915 SELKIRK AVE, Powell River, British Columbia
Price:
$ 1,500,000
MLS Number:
19779
List Date:
June 18th, 2026
Lot Size:
27356 sq.ft.
Year Built:
1965
Taxes:
$ 12,076

Interior Features

Bedrooms:
18
Bathrooms:
12
Total Rooms:
Air Conditioning:
None
Heating:
Baseboard heaters, Natural gas, Other

Building Features

Garage:
Other, Other
Garage Spaces:
6
Ownership Type:
Freehold
Taxes:
$ 12,076

Floors

Finished Area:
7500 sq.ft.

Land

Lot Size:
27356 sq.ft.
Lot Features:
Southern exposure
Road Type:
Paved road

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Robert Henderson Oakwyn Realty Ltd.
778-772-5222
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Listing Agent(s)

Lead Agent: Robert Henderson
Office: Oakwyn Realty Ltd.
Originating Board: Powell River Sunshine Coast Real Estate Board

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