$1,289,000

3643 Malakwa Road, Malakwa

Sicamous, Malakwa, BC V0E2J0

5,200 sq ft · Commercial

Listed by Sotheby's International Realty Canada

Waterfront home — see every Vernon-area waterfront listing.

About this property

Incredible investment opportunity, sitting on 21.795 acres of riverfront land to the northeast of Sicamous, adjacent to Highway 1 (Trans Canada Highway). This offering includes a gas station with high visibility (leased to September 2031), fuel tank; an equipped restaurant (currently vacant), six modular homes (currently rented), a structure with a rental both up and down, RV stalls, significant frontage onto Eagle River, and a freehold interest across the river where it bisects the property (Private island... helicopter landing spot? Private fishing? etc). Water to the property, and rentals, is supplied by a well with adequate filtration (as required by Interior Health). As it currently stands, the property produces excellent cash flow even without the restaurant being leased. With full utilization of the property and natural tenant turnover, this property has tremendous upside. Add in the large land size, and large river frontage with a wonderful beach, this is a once-in-a-lifetime holding property. Please inquire about a financial package of the property, which will include a financial summary. (id:67417)

Property details

Price

$1,289,000

MLS® number

10381503

Property type

Commercial · Multi-Family · Multi-family

Ownership

Freehold

Living area

5,200 sq ft

Lot size

21.75 acres · 21.75

Year built

2001

Annual taxes

$3,071

Community

Sicamous, Malakwa

Features

Heating

See remarks

Cooling

See Remarks

Waterfront

Waterfront on river

Water

Well

Sewer

Septic tank

Utilities

Electricity

View on map