$949,900

1451 Columbia Avenue, Castlegar

North Castlegar, Castlegar, BC V1N1H8

3,667 sq ft · Commercial

Listed by Royal LePage Kelowna

Waterfront home — see every Vernon-area waterfront listing.

About this property

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:67417)

Property details

Price

$949,900

MLS® number

10351656

Property type

Commercial · Multi-Family · Multi-family

Ownership

Freehold

Living area

3,667 sq ft

Lot size

0.56 acres · 0.56

Year built

1979

Storeys

2

Parking spaces

15

Annual taxes

$6,301

Community

North Castlegar, Castlegar

Features

Heating

Baseboard heaters, Forced air, Electric, See remarks

View

River view, Valley view, View of water, View (panoramic)

Waterfront

Waterfront on river

Roof

Asphalt shingle, Unknown

Exterior

Stucco

Lot

Level lot

Water

Municipal water

Sewer

Municipal sewage system

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