Lot
Freehold
Heating
Baseboard heaters
District
Creston
A rare opportunity to acquire approximately 0.5 of an acre of Commercial/Highway zoned property along Creston's primary highway corridor, currently improved with 14 residential rental units. The property is fully occupied and includes one 3-bedroom home, one 2-bedroom home, two individual cabins, four 1-bedroom suites and six bachelor suites. The majority of tenants are long-term, providing an established rental base in a community that has historically experienced very low rental vacancy. The property has been maintained and upgraded over time, including plumbing, electrical components, HRV units and fire-rated drywall to meet current building and safety requirements. The zoning provides flexibility beyond the existing residential use, creating potential for future commercial, redevelopment or other permitted uses, subject to municipal approvals. The highway location offers excellent exposure and proximity to established commercial businesses and services. An owner could continue the property as a rental business, live onsite and self-manage, or utilize professional management while considering longer-term opportunities for the property. (id:374)
