Tax assessment is $405,000
Bank appraised at $385,000
REVENUE PROPERTY with the potential of $2200/mth. Unique home with an engineered three-level addition, offers an opportunity for potential revenue for the homeowner. A geo-technical report has been done on not only the building expansion, but also on the mountain bluff behind the lots. Where is the next set of townhouses going? Its very possible you can build a 6 plex on this property as it is large enough. The city would encourage rezoning of the property.
The original home offers an eat-in kitchen, a living room with maple hardwood flooring and large corner windows, a main floor bathroom with combination tub/shower, a spacious laundry room and 2 bedrooms, both with laminate flooring, windows and closets. There is a door from the master bedroom to the new addition. The 2 suite addition can also be accessed from the covered carport/patio, providing a private entry.
The impressive second level addition features an open-concept living/dining/kitchen with patio doors to a private 20'x4' balcony. There is a bedroom with laminate, closet and window and the bathroom has ceramic tile flooring, vanity, combination tub/shower with surround and modern lighting throughout the suite.
The third level is also set up as a suite and features an open-concept living area with laminate, bedroom with carpet, bay window and walk-through closet to the bathroom. This suite features modern light fixtures, vaulted ceiling, crown moulding and patio doors onto a wrap-around balcony.
The yard is fully fenced, landscaped, offers mature trees, garden area, shed and a large detached garage/workshop with windows, is insulated, wired and has a wood burning stove.
The lower level of the expansion provides a 20'x15' carport/covered patio, with access to an electrical room. The double paved driveway allows for several vehicles, RV, toys etc.
This is a great family home or investment, offering many options to provide a mortgage helper income.