Merritt · V1K1R6
$9,760/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
Book now
1801 Chapman Street (2 titles) presents a premier acquisition opportunity for an occupied, 18-unit multifamily asset in the expanding Southern Interior hub of Merritt, BC, generating approximately $200,000 in gross annual rental revenue. Repositioned from a hospitality property under versatile C-6 zoning, this stabilized asset offers immediate, defensive cash flow paired with a distinct value-add profile. Strategically located steps from Merritt's downtown commercial core, the property benefits from high-walkability transit access, surface parking, common coin-operated laundry, and select renovated suites. New ownership is positioned to capture substantial rental upside and optimize Net Operating Income (NOI) through suite modernization and proactive asset management, all while capitalizing on the region's historically low vacancy rates, strong macroeconomic fundamentals, and long-term redevelopment potential. Updates include; roof in 2020 & 2021 fasteners replaced, seams caulked and resealed, vent flashing and trim replaced, new paint and guards, 100% sheet metal (no torch on present), 2020 new boiler & 2022 domestic hot water boiler added, 2020 to 2022 water lines were replaced with PEX, sewer line was replaced with ABS. Parking lot re-surfaced in 2021. Call the listing agent today for more information. Can be sold as either a share sale or asset sale.
1975
Year built
$21,016/yr
Gross tax
Other
Type
Merritt
Area
Listed
July 17, 2026
Structure
Other
PID
011-712-112, 018-220-240
Features & inclusions
Heating
Electric
Roof
Metal, Unknown
Common interest
Freehold
Nearby & Commute
8 min
walk to Save-On-Foods
5h 26m
bike to Ebus
18h 5m
walk to Ebus
7h 38m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 49%
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$9,760
Principal and interest
Calculated estimate
$7,859
Property tax
Listing data
$1,751/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,699,000
Down payment
Calculated estimate
$339,800 (20%)
Estimated mortgage
Calculated estimate
$1,359,200
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Tax from listing
Est. monthly total
$9,760
/mo
Rate
%
Amortization
Principal and interest
$7,859
Property tax
$1,751
P&I
Tax
Down payment
$339,800 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $339,800 down (20%) on $1,699,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
| Detached | 70 | 49.0% |
| Land | 47 | 32.9% |
| Townhouse | 8 | 5.6% |
| Mobile home | 7 | 4.9% |
| Other | 4 | 2.8% |
| Other | 7 | 4.9% |
| $20,000 to $24,999 | 20 | 9.8% |
| $25,000 to $29,999 | 10 | 4.9% |
| $30,000 to $34,999 | 10 | 4.9% |
| $35,000 to $39,999 | 15 | 7.3% |
| $40,000 to $44,999 | 10 | 4.9% |
| $45,000 to $49,999 | 5 | 2.4% |
| $50,000 to $59,999 | 15 | 7.3% |
| $60,000 to $69,999 | 10 | 4.9% |
| $70,000 to $79,999 | 15 | 7.3% |
| $80,000 to $89,999 | 15 | 7.3% |
| $90,000 to $99,999 | 10 | 4.9% |
| $100,000 to $124,999 | 25 | 12.2% |
| $125,000 to $149,999 | 25 | 12.2% |
| $150,000 to $199,999 | 15 | 7.3% |
| $200,000 and over | 5 | 2.4% |
