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:4069)
Address
1451 Columbia Avenue
List Price
$978,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
sale
Area
British Columbia
Sub-Area
Castlegar
Floor Area
3,667 Sq. Ft.
Lot Size
0.56 Ac.
Year Built
1979
MLS® Number
10351656
Listing Brokerage
Royal LePage Kelowna
Postal Code
V1N1H8
Site Influences
Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Waterfront, View
Features
Level lot
