511-513 ST-PHILIPPE STREET, Alfred And Plantagenet, ON K0B1A0
511-513 ST-PHILIPPE STREET, Alfred And Plantagenet, ON K0B1A0
511-513 ST-PHILIPPE STREET, Alfred And Plantagenet, ON K0B1A0
511-513 ST-PHILIPPE STREET, Alfred And Plantagenet, ON K0B1A0
511-513 ST-PHILIPPE STREET, Alfred And Plantagenet, ON K0B1A0
511-513 ST-PHILIPPE STREET, Alfred And Plantagenet, ON K0B1A0
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Julie Pollard

Julie Pollard

+1(250) 280-9666
$ 2,875,000
Est. payment | /mo

3 SqFt

Save
$ 2,875,000
Est. payment | /mo
Save

3 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3

Square Footage 3 sqft

Price per Sqft $958,333

Subdivision 609 - Alfred

MLS® Listing ID X13152198

Lot Size 3.270 Acres

Acres 3.27

Property Description

This exceptional mixed-use investment opportunity in Alfred offers a rare combination of scale, stability, and significant upside potential. Set on approximately 3.7 acres, the property benefits from multiple access points, including direct highway access, providing excellent visibility, accessibility, and operational efficiency. The property includes 30 residential units plus 1 commercial unit, with a portion of the residential dwellings currently owner and family-occupied. This presents immediate upside potential, as full market rental of these units would further enhance overall income performance. There is also additional potential to convert up to 2 more residential units. The main income cluster consists of the former Motel Rouleau, successfully converted into 16 fully rented bachelor-style residential units, along with a shared coin-operated laundromat for tenants. Attached is a two-storey residence offering flexibility, including two kitchens already in place and the option to convert the main level back into a duplex. The basement is currently operating as a nail salon (tenant vacating upon sale), providing an immediate opportunity to convert back into an additional residential unit. Adjacent is another self-contained residential unit. To the west, a separate 10-plex offers all 1-bedroom units, with its own laundromat and dedicated parking. The property also includes a large well-maintained bungalow with an attached garage & another renovated bungalow currently tenant occupied. The basement of this bungalow has been converted into 12 fully rented storage units. With strong in-place tenancy, diversified income across residential, commercial, and storage components, and upside through occupancy optimization and future conversions, this is a rare turnkey portfolio with exceptional income stability and long-term growth potential. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

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Listed by RE/MAX DELTA REALTY
Julie Pollard

More Than a Realtor—Your Trusted Real Estate Partner

About

With over 20 years of proven results, I’ve built a reputation as one of the Fraser Valley’s and Okanagans most trusted and successful Realtors. My clients know me for sharp negotiation skills, deep local expertise, and a relentless commitment to achieving the best outcomes—whether buying, selling, or investing.

Products & Services
Expert Guidance – Personalized support for buyers and sellers navigating the Fraser Valley market.

Customized Marketing Plans – Tailored strategies to showcase your property and maximize exposure.

Local Expertise – In-depth knowledge of Abbotsford, Chilliwack, Langley, Mission, and surrounding communities.

Comprehensive Search Tools – Access the latest Fraser Valley listings with advanced home search options.

Proven Selling Strategies – Strategic advice to help you sell quickly and for the best price.

Market Insights – Accurate analysis and up-to-date trends to keep you informed and confident in your decisions.

 

WHAT CLIENTS SAY:

"We hired Julie as our realtor and she always went above and beyond the call of duty for us.She found us the perfect place it took some time but she said be patient and she was right highly recommend Julie as a realtor." - WR
“Julie Pollard is an extremely knowledgeable and professional Realtor who puts the needs of her clients as her priority. She is well informed about the areas she serves which makes her best placed to advise people who may be new to the region and she is a fabulous negotiator. I highly recommend Julie to friends, family and anyone who is looking for honest upfront service." - SJ
“Julie is a professional. She brings years of experience.and along with her phonographic talent will make your property shine. I am very pleased to recommend her when selling your home! No one works harder!!" -SS

+1(250) 280-9666

julie.pollard@exprealty.com

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511-513 ST-PHILIPPE STREET

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