$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

View on map