$499,000

For sale

778 Central Avenue, Grand Forks - Single Family for Sale

778 Central Avenue, Grand Forks, British Columbia, V0H1H0

4 beds1 bath4 parking1,619 ft²10,454 sq ft (0.24 ac) lot sizeListed 110 days ago

Overview

This 4-bedroom, 1-bathroom home in Grand Forks is for sale offering roughly 1,619 sq ft of space. Listed at $499,000, it is attractively priced about 17% below the $599,000 median asking price in Grand Forks. It has been on the market 110 days, fresher than the Grand Forks average of 178 days.

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Description

Investor alert or the perfect opportunity for multi-generational living! This recently renovated 4-bedroom, 2-bathroom home offers two self-contained 2-bedroom, 1-bathroom suites, each with its own private entrance, providing excellent flexibility for investors or extended families. Currently generating $3,200 per month in rental income, with tenants paying their own utilities, this property delivers strong cash flow and lower operating costs. Situated on a spacious 10,000+ sq. ft. corner lot, there's plenty of room for RV or boat parking with space left over to enjoy the outdoors or explore future possibilities. The central location is hard to beat-just minutes from elementary and secondary schools, shopping, downtown Grand Forks, and beautiful City Park, making it highly desirable for both tenants and homeowners alike. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this versatile property checks all the boxes. Don't miss your chance to own this excellent income-producing property! (id:66096)

Property Details

MLS®: 10395131
Property Type: Single Family
Bedrooms: 4
Bathrooms: 1
Half Baths: 0
Parking: 4
Interior Size: 1,619 ft²
Lot Size: 10,454 sq ft (0.24 ac)
Year Built: 1947
Storeys: 2
Style: Ranch
Heating: Forced air
Garage: Carport
Fireplace: Yes
Ownership: Freehold
Property Tax: $2,807.91/yr
Listed: 110 days ago

Rooms

Main level

Bedroom: 9'8'' x 12'
Bedroom: 16'1'' x 13'8''
Kitchen: 8'3'' x 12'
Family room: 15'8'' x 14'

Second level

4pc Bathroom: 6'5'' x 8'2''
Bedroom: 8'3'' x 12'
Dining room: 5'9'' x 10'2''
Kitchen: 9'10'' x 10'2''
Primary Bedroom: 13'4'' x 12'
Living room: 17'2'' x 13'8''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Range - Electric, Oven, Washer & Dryer
Flooring: Carpeted, Vinyl
Exterior: Stucco
Lot Features: Corner Site

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Water, Sewer, Natural Gas, Electricity, Cable, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

110d

Grand Forks listings, avg age

178d

Price / ft²

$308

List price

$499K

Haho

This 4-bed single family in Grand Forks has been listed for 110 days, which is 68 days fresher than the city average of 178. Act while there is still low competition.

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Listed by Sutton Group-West Coast Realty (Langley) · Jatinder Saini

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$499,000· $308/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$234/mo

Total monthly$2,862

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$7,980

Est. closing costs$3,997

Total cash needed$36,927

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