Space
Finished area and layout
- Living Area
- 3,667 sqft
+74 more
3,667 sqft
Living Area
0.56 ac
Lot
1979
Year Built
15
Parking
Property Snapshot
Key details for this listing
MLS #10351656
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Stories
- 2
- Year Built
- 1979
About This Property
This multi-family in Castlegar offers 3,667 sqft of living area on a 0.56 ac lot. Built in 1979, 2 storeys. The property has lot dimensions of 0.56. The home features baseboard heaters, forced air, electric, see remarks heating. Highlights include a 15-car garage.
MLS Remarks
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:60351)
Documents & Attachments
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