$1,855,000
231 Finlayson Street, Sicamous
Sicamous, Sicamous, BC V0E2V1
6,949 sq ft · Commercial
Listed by Homelife Salmon Arm Realty.Com · Robert McKibbon
About this property
This well maintained 10-unit multi-family residential complex is ideally located within walking distance to Sicamous Town Beach, offering a rare investment opportunity with strong revenue potential and a welcoming community atmosphere. Comprised of six detached buildings, the property features a diverse mix of 1-, 2-, and 3-bedroom units, each with its own individual hydro meter. Significant updates have already been completed, including newer windows and doors, with more than half of the units partially or fully renovated—providing a turnkey opportunity for investors. The complex includes a thoughtfully converted former retail building now housing four bright, modern units with clean, white interiors. In addition, five separate freestanding homes offer six more rental units, each with its own unique character and private outdoor space. Tenants benefit from shared access to a generously sized storage shed and ample on-site parking. This is an exceptional opportunity to acquire a versatile, income-generating property in a desirable location. Cap Rate on list price is 7.1%. (id:67417)
Property details
- Price
- $1,855,000
- MLS® number
- 10383153
- Property type
- Commercial · Multi-Family · Multi-family
- Ownership
- Freehold
- Living area
- 6,949 sq ft
- Lot size
- 0.76 acres · 0.76
- Year built
- 1970
- Storeys
- 1
- Parking spaces
- 20
- Annual taxes
- $8,242
- Community
- Sicamous, Sicamous
Features
- Style
- Bungalow
- Heating
- Baseboard heaters
- Flooring
- Laminate, Vinyl
- Roof
- Metal, Other, Unknown
- Appliances
- Refrigerator, Range - Electric, Washer & Dryer
- Community
- Rentals Allowed
- Water
- Municipal water
- Sewer
- Municipal sewage system
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