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Additional details

Nader Bakhoum,PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

$ 949,900

Est. payment | -/mo

3,667 SqFt

Save

$ 949,900

Est. payment | -/mo

Save

3,667 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3667

Square Footage 3,667 sqft

Price per Sqft $259

Subdivision North Castlegar

MLS® Listing ID 10351656

Year Built 1979

Lot Size 0.560 Acres

Acres 0.56

Property Sub-Type Freehold

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

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

Listed by Royal LePage Kelowna

1451 Columbia Avenue Castlegar, BC V1N1H8