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Investment signal

$825,000

409 Shuswap Avenue

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Beds

—

Baths

—

Sqft

—

Year

1955

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chase. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Prime Investment Opportunity in Chase. Explore this outstanding corner lot property featuring 8 separate suites and a vacant frontage lot, zoned C-3 for optimal road exposure. The property consists of two separate buildings, each with 4 units, on a .46-acre lot offering significant development potential, see Village bylaws. Situated in an excellent location near Shuswap Lake, golfing, and shopping. This revenue-generating property is ideal for investors aiming to leverage its exceptional location and future development prospects. Recent updates have been made to several of the units, including new flooring, paint & appliances. One unit has been completely renovated with updated appliances, air conditioning, heat pump, gyproc, paint, flooring & windows. Both buildings feature a 2025 tin roof and new eaves. This is a perfect opportunity for investors looking to capitalize on a property with both immediate rental income and long-term development potential. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Chase
Common interest: Freehold
Living area: 0 square feet
Lot size: 0.45 acres
Lot dimensions: 0.45
Parking: 8 total
Stories: 1
On market: Apr 22, 2026
Status changed: Apr 22, 2026
Annual tax: $4,415
Photos: 23
MLS#: 10384428
Area: CHASE

Features and systems

Parking

Other

Basement

Crawl space

Heating

Baseboard heatersElectric

Cooling

See Remarks

Exterior

Vinyl siding

Roof

MetalUnknown

Lot

Level lotCorner Site

Negative cash flow ~$915/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.65%

Cap rate

3.53%

GRM

16.7

Break-even rent

$5,088

Financing

Down payment$165,000

Loan amount$660,000

Mortgage$3,344/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$378

Insurance$80

Maintenance$688

CapEx reserve$344

Vacancy loss$206

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,344/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.