Description

This is a unique opportunity to own one of Revelstoke's most functional and versatile income generating properties. 416 Leach St features 10 bedrooms, 9 ensuites, 2 full common bathrooms, a double kitchen, and multiple indoor and outdoor living and storage areas to support independent communal living. Located in a central neighbourhood with multiple development projects underway and strong upside potential, this property offers easy access to Revelstoke Mountain Resort, shopping, recreation, downtown amenities, public transit and more. The house boasts a multitude of features to support tenant security and comfort, including keyless locks on all bedroom doors, a wired and monitored fire alarm system, a sprinkler system, laundry, and lockable storage in the basement and garage. A large garden and treed backyard with a fire pit and shed faces south and offers towering views of Mt Mackenzie. Parking is ample, with 7 spaces directly in front of the home and additional angled parking along the cedar hedges. Opportunities for additional revenue generation exist, with double occupancy of rooms permitted under current zoning bylaws up to a maximum of 16 residents, and three rooms enjoying full three piece ensuites. An average of five rooms (individual leases) turn over annually. Under the proposed draft zoning bylaw currently under the development, further opportunities for increased density and dwelling units may exist to allow for greater usage of the .31 acre lot.