$510,000

For sale

5683 97 Highway, Falkland - Single Family for Sale

5683 97 Highway, Falkland, British Columbia, V0E1W0

5 beds2 baths3,112 ft²6,534 sq ft (0.15 ac) lot sizeListed 317 days ago

Overview

This 5-bedroom, 2-bathroom home in Falkland is for sale offering roughly 3,112 sq ft of space. Its $510,000 asking price sits right in line with the $524,900 median in Falkland.

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Description

Excellent investment property in the quaint community of Falkland offers real versatility for combined live-in residential & business opportunity or rent out both residential suites & commercial spaces for great monthly income. There are currently 2 2 bedroom suites on the upper level rented by long term tenants who would like to stay. The main level consists of 2 commercial spaces (one of which is currently rented) and a 3rd could be had by converting the property owner's 1 bdrm suite back to commercial use. Falkand is a small but growing community just under 1/2 hour to Vernon or 40 min. to Kamloops. This property is within walking distance to local shops & services. Hwy exposure makes for good advertising for small businesses. (id:66096)

Property Details

MLS®: 10371379
Property Type: Single Family
Bedrooms: 5
Bathrooms: 2
Half Baths: 0
Interior Size: 3,112 ft²
Lot Size: 6,534 sq ft (0.15 ac)
Year Built: 1994
Storeys: 2
Heating: Forced air, See remarks
Cooling: Window air conditioner, Wall unit
Garage: Other
Ownership: Freehold
Property Tax: $3,696.4/yr
Listed: 317 days ago

Rooms

Second level

Living room: 14'0'' x 12'0''
Bedroom: 11'7'' x 11'6''
Primary Bedroom: 13'0'' x 11'7''
Kitchen: 13'0'' x 10'9''
4pc Bathroom: 7'10'' x 5'0''
Bedroom: 11'7'' x 11'6''
Primary Bedroom: 13'0'' x 11'7''
Kitchen: 13'0'' x 10'9''
Living room: 16'10'' x 13'0''

Main level

Living room: 15'0'' x 11'3''

Features

Flooring: Carpeted, Vinyl
Exterior: Stucco
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Septic tank

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

317d

Falkland listings, avg age

128d

Price / ft²

$164

List price

$510K

Haho

This 5-bed single family in Falkland is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage Downtown Realty · Tammy Wolzen

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$510,000· $164/ft²

For sale

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Full Cost Breakdown

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Down Payment5.10% · $26,000

Min 5.10%50%

Mortgage payment$2,683/mo

↳ CMHC premium ($19,360 capitalized)

Property tax (est.)$308/mo

Total monthly$2,991

Cash Needed to Close

Down payment (5.10%)$26,000

Land transfer tax$8,200

Est. closing costs$4,030

Total cash needed$38,230

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