503 THIRD STREET EAST
Interior REALTORS® · V0E2S0
$1,099,000
About this residence
This 2,600 square foot multifamily heritage home is an excellent opportunity for revenue generation or those in need of staff housing. Zoned RLD1 (Residential Low Density) under the City of Revelstoke's updated zoning bylaw, the property allows for multifamily use and currently qualifies for up to four dwelling units - offering strong long-term potential. The home features four self-contained suites, all vacant and ready for you to tenant as needed. The main floor includes a freshly painted 1-bedroom, 1-bathroom unit with an updated kitchen and bathroom, as well as a bright studio suite, also recently painted. Upstairs, you’ll find a 2-bedroom, 1-bathroom unit and a loft suite with its own full bathroom, which can easily be reconfigured into a 3-bedroom layout. Outside, the property has been fully landscaped with new sod, a brand-new fence, and a two-car garage. Located just a short walk from Mackenzie Avenue, Grizzly Plaza, public transit, parks, trails, and all downtown amenities, this location is hard to beat. Enjoy stunning views of Mt. Begbie and the Monashees from the second-floor patio. Don’t miss this rare downtown investment opportunity - contact realtor to schedule a viewing or to learn more! (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 4
- Bathrooms
- 4
- Storeys
- 3
- Living area
- 2,627 sq ft
- Lot size
- 0.12
- Parking
- 2 spaces
- Year built
- 1907
- Annual tax
- $4,681
- MLS®
- 10358517
- Board
- Interior REALTORS®
- Status
- Inactive
- Listed
- Aug 8, 2025
- Updated
- Nov 14, 2025
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Third level | 10'8'' x 11'6'' |
| 3pc Bathroom | Third level | 5'7'' x 9'7'' |
| Living room | Third level | 15'4'' x 7'3'' |
| Kitchen | Third level | 8'2'' x 7'2'' |
| Laundry room | Second level | 10' x 5' |
| Bedroom | Second level | 12'5'' x 8'6'' |
| 3pc Bathroom | Second level | 6'6'' x 8'5'' |
| Bedroom | Second level | 10'1'' x 10'0'' |
| Living room | Second level | 12'5'' x 13'6'' |
| Kitchen | Second level | 13'5'' x 9'2'' |
| 3pc Bathroom | Main level | 5'2'' x 4'7'' |
| Living room | Main level | 7'5'' x 22' |
| 3pc Bathroom | Main level | 5'0'' x 6'7'' |
| Primary Bedroom | Main level | 9'5'' x 8'4'' |
| Kitchen | Main level | 11'8'' x 6'8'' |
| Living room | Main level | 10'4'' x 16'0'' |
Features & finishes
Appliances
- Refrigerator
- Dishwasher
- Microwave
- Washer & Dryer
- Cooktop - Electric
Flooring
- Carpeted
- Hardwood
- Laminate
- Linoleum
- Vinyl
Heating
- Forced air
- Baseboard heaters
- See remarks
- Electric
Exterior
- Cedar Siding
Parking
- Detached Garage
- Additional Parking
Lot
- Corner Site
- One Balcony
Sewer & Utilities
- Municipal sewage system
- Cable
Views
- Mountain view
Architecture
- Split level entry
Financing
Estimated monthly payment
$5,140/mo
Loan amount
$879,200
Down payment
$219,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Interior REALTORS®
Nearby
About the area
Census · V0E- 72,013
- Population
- 51
- Median age
- $73,500
- Median income
- $500,000
- Median home value
- 82%
- Home ownership
- 25 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 503 THIRD STREET EAST?
503 THIRD STREET EAST is listed for $1,099,000, in Interior REALTORS®.
How many bedrooms and bathrooms does 503 THIRD STREET EAST have?
It offers 4 bedrooms and 4 bathrooms.
What type of home is 503 THIRD STREET EAST?
503 THIRD STREET EAST is a Single Family, House set over 3 storeys, built in 1907.
How large is 503 THIRD STREET EAST?
The home offers approximately 2,627 sq ft of living space on a lot measuring 0.12.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $5,140. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $4,681 per year.
Is there parking?
Yes — 503 THIRD STREET EAST includes 2 parking spaces.
What is the Interior REALTORS® area like?
Interior REALTORS® has a population of about 72,013, a median age of 51, a 82% home-ownership rate, with an average commute of about 25 minutes.
What is the average home value in Interior REALTORS®?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Interior REALTORS®?
The median household income in this area is approximately $73,500.
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Private viewings
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