$1,050,000
419 Edward Street
Beds
2
Baths
2
Sqft
—
Year
1973
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Revelstoke. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Prime Development Opportunity with Home and Garage/Shop in Central Revelstoke! On 0.49 acres, this property offers over 1,400 sq. ft. of comfortable living space featuring 2 bdrms, 2 baths, covered carport, Shop/Garage. Ideally located across from Southside Market and close to downtown amenities, this site offers exceptional potential for redevelopment or investment. The property can be purchased on its own or purchase adjoining land at 413 Edward Street, ( Separately listed & owned) creating the potential combined 1.10-acre lot assembly in a prime multifamily development area. Fronting Edward Street, just steps from Fourth Street East, the site offers convenient access to local transit, including the Revelstoke Mountain Shuttle, and is close to schools, shops, and recreation. The gently south-sloping land provides excellent view potential and is located beside an approved apartment development, reinforcing the area’s transition toward higher-density housing. The Official Community Plan designates the site as Medium Density Residential, supporting potential rezoning to R-MD1 (Townhouse, FAR 1.4) or R-MD2 / R-MD3 (Apartment and/or Townhouse, FAR 2.3). The City’s new modernized Zoning Bylaw (April 2025) that better aligns with current market conditions and typical development patterns, combined with recent provincial changes that remove the need for a public hearing for OCP-consistent rezonings, provides for streamlined approvals and greater clarity and certainty for future projects. Overall, the property offers a well-located, policy-supported opportunity for multifamily development or investment in Revelstoke, with the potential of lot assembly to further enhance development potential. Direct link to the current OCP: https://revelstoke.civicweb.net/filepro/documents/?preview=198773 (see Section 4.6.2, page 66). (id:65958)
- Subtype
- Single Family
- Structure
- Manufactured Home
- Community
- Revelstoke
- Common interest
- Freehold
- Living area
- 1,349 square feet
- Lot size
- 0.49 acres
- Lot dimensions
- 0.49
- Parking
- 1 total
- Stories
- 1
- Fireplace
- 1
- On market
- Oct 27, 2025
- Status changed
- Apr 27, 2026
- Annual tax
- $2,936.2
- Photos
- 32
- MLS#
- 10363086
- Area
- REVELSTOKE
Features and systems
Parking
Heating
Cooling
Flooring
Roof
Cash on cash
-6.53%
Cap rate
3.56%
GRM
16.7
Break-even rent
$6,453
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.