3915 SELKIRK AVE
Powell River, BC V8A3C5
$1,500,000
Property Details
Property & Lot
- Sub-type
- Fourplex
- Lot size
- 27,356 square feet
- Frontage
- 120 feet
Ownership & Fees
- Property type
- Fourplex
- Ownership
- Freehold
- Annual property tax
- $12,076
Interior
- Heating
- Baseboard heaters, Natural gas, Other
- Cooling / A/C
- None
- Fireplace
- None
Parking
- Total spaces
- 6 — uncovered indicated
- Features
- Other, Other
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 2pc Bathroom | Main level | — |
| 4pc Bathroom | Above | — |
Listing Information
- MLS®
- 19779
- Listed
- June 18, 2026
- Time on market
- On the market for 74 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.
Description
Turnkey 6-unit multifamily investment on a large 27,355 sq ft corner lot with strong income & exceptional future upside. This well-maintained property consists of six spacious 3-bedroom, 2-storey rowhome-style units (approx. 1,250 sq ft each), all fully tenanted and generating $7,715/month. It has been operated as a passive investment, with professional management in place, offering a low-maintenance, hands-off ownership structure. What sets this property apart is the significant development potential. Approximately 8,000 sq ft of excess land remains underutilized, with preliminary support from the City of Powell River Planning Department for potential subdivision and rezoning from RM2 to RM4--creating a rare opportunity for future density. Lower entry price vs. Vancouver properties and higher yield potential. Opportunity to combine cash flow + land appreciation + redevelopment. INCOME TODAY & DEVELOPMENT TOMORROW (id:63159)
Values & Trends
This listing
$200/sqft
Building average
—
No other active listings in this building
Powell River average
$404/sqft
17 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
14°C
Mostly Cloudy
Humidity 100%
Wind NE 3 km/h
Tonight
12°
Tuesday
21°
Tuesday night
15°
Wednesday
17°
Wednesday night
12°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
13,943
(2021 Census)
+6% since 2016
Density: 482.3/km²
Dwellings: 6,718
Median household income: $67,000
After-tax: $61,200
Immigrant population: 12.8%
Top countries of origin (% of total population)
- United Kingdom3.7% · 520
- United States of America1.3% · 180
- Italy0.9% · 120
- Germany0.8% · 110
- Netherlands0.6% · 80
- Philippines0.5% · 75
- China0.4% · 55
- India0.4% · 50
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Westview Elementary | Elementary | 81 m |
| Westview Learning Centre | Elementary | 276 m |
| Powell River Christian School(Independent) | Elementary/Middle | 1.0 km |
| Assumption School(Independent) | Elementary | 1.2 km |
| Cote-du-Soleil | Elementary/Middle | 1.4 km |
| Edgehill Elementary | Elementary | 3.5 km |
| Secondaire Brooks | Secondary | 4.9 km |
| Brooks Secondary | Elementary | 4.9 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
School district: Powell RIver (SD47)
Similar Listings Nearby
No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($300,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.