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$978,000
Est. payment /mo
3,667 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,667 sqft
Price per Sqft $266
Subdivision North Castlegar
MLS® Listing ID 10351656
Year Built 1979
Lot Size 0.560 Acres
Acres 0.56
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Available for sale is 1451 Columbia Avenue, located in Castlegar, BC, an exciting 7-unit value-add residential investment opportunity anchored by a long-standing complementary commercial tenant (Sun Life). Featuring 1 x 2-bedroom and 5 x 1-bedroom suites, all of which are paying substantially below market rents, the property is extremely well positioned for investors to leverage a stable income base and capitalize on exciting upside through increasing rents to market. Located with prominent exposure and direct access along Columbia Avenue with ample parking for all tenants, the Property sits immediately adjacent to No Frills, Dollarama, Tim Hortons, The Backeddy Pub, and Co-op Gas Bar. The property is centrally located between downtown and uptown, offering easy access to all of Castlegar's retail, service and entertainment amenities. Public bus transit services are located within 100 metres, and Selkirk College is only a 7-minute drive away, while favourable C2 zoning further offers potential for both commercial or residential redevelopment. The Property's stunning backyard further offers tenants rare views of the river and surrounding mountains. Castlegar represents one of the most significant growth stories in the BC Interior, with unprecedented construction, investment and new-to-market businesses such as Wendy's and Anytime Fitness (within ~1km of the Property, respectively), driven by strong demographic fundamentals. Download the brochure at the link below for more info. (id:24570)
Location
Province BC
Zoning Mixed
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, , Forced air, See remarks
Exterior
Parking Features No
View Y/N Yes
View River view, Valley view, View of water, View (panoramic)
Roof Type Unknown
Total Parking Spaces 15
Private Pool No
Building
Lot Description Level
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Read Less Info
Listed by Royal LePage Kelowna
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