Investor alert! If you’ve been looking for a simple, low-maintenance way to get your foot in the real estate investing door, this 1 bedroom, 1 bathroom unit in Nicola Apartments is tough to ignore. Step inside to a functional galley kitchen that flows into your own dedicated dining area and a bright living room—a classic layout that just makes sense. The bedroom is generously sized, there’s a full bathroom, and you’ll love the extra storage: in-suite storage, deck storage, plus the bonus of your own hot water tank (hello, fewer shared-building surprises). Even better? This is a turnkey rental: currently tenanted at $1,100/month, with the tenant paying their own utilities, and they’d love to stay—meaning you can start collecting rent without the vacancy stress. It's even being fully managed if that's something you prefer. Numbers at a glance: Rent: $1,100/month, Strata fee: $226.70/month, Taxes: $1,522/year. Tenanted unit—please allow 24 hours notice for showings. Whether this is your first investment property or you’re adding a no-fuss rental to the portfolio, this is a smart little opportunity worth a look. (id:2493)
Data was last updated February 5, 2026 at 04:45 PM (UTC)
Area Statistics
Listings on market:
54
Avg list price:
$974,950
Min list price:
$135,000
Max list price:
$3,350,000
Avg days on market:
145
Min days on market:
2
Max days on market:
454
Avg price per sq.ft.:
$523.26
These statistics are generated based on the current listing's property type
and located in
Merritt. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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