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$ 895,000
Est. payment /mo
Price Dropped by $100K
2250 6TH Avenue Castlegar, BC V1N2V9
0.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision South Castlegar
MLS® Listing ID 2479062
Originating Board Association of Interior REALTORS®
Year Built 1961
Lot Size 0.400 Acres
Acres 17424.0
Property Sub-Type Freehold
Property Description
Offered for sale is 2250 6th Avenue, located in Castlegar, BC ? an exceptional multi-family investment and development opportunity with consistent occupancy and tremendous upside. Featuring 4 suites including two 2-bed and two 1-bed suites across a total of 2,772 sq. ft. rentable area, a two-car garage with potential suite conversion potential, 8 exterior parking stalls, +8,000 SF of surplus development land with proposed concept drawings for a second 4-plex, and favourable OCP (mixed-use) and zoning (C3) designations that encourage mixed-use development, the property is extremely well positioned for investors and developers to leverage a stable income base (~6.00% cap rate) and realize exciting upside. The property is located in central Castlegar along 6th Avenue ? just one block from the new 54-unit Park Place Condos project, and two blocks from Castlegar?s commercial centre offering Canadian Tire, A&W, McDonald?s, Shoppers Drug Mart, Boston Pizza, the Castlegar Community Complex, and much more. (id:24570)
Location
Province BC
Zoning Unknown
Interior
Heating Forced air
Exterior
Parking Features No
Community Features Family Oriented, High Traffic Area
View Y/N No
Roof Type Unknown
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Kelowna