$5,045,300

616 Third Street W, Revelstoke

Revelstoke, Revelstoke, BC V1E0B4

11,250 sq ft · Single-family home

Listed by Real Broker B.C. Ltd

About this property

This multi-award winning property stands as both a cultural landmark and high-performing investment in Revelstoke's booming downtown core. Its 11,000+ sq/ft space generates exceptional cash flow, with: • Profitability: Six figures with room to grow. • Stable Tenant Mix: 8 long-term leases (up to 15 years) • Tenant Retention: 3 renewals demonstrating exceptional occupancy satisfaction • Unique Value-Add Opportunity - The Heritage Revitalization Agreement (HRA) permits a fourth-floor addition (>3,500 sq/ft) • Future-proofing as commercial demand outpaces supply The property's irreplaceable location, combined with its diversified income streams and institutional-grade tenancies, creates a rare ""set-and-forget"" investment with appreciation upside in Canada's fastest-growing mountain resort market. Originally constructed in 1914 as a school, Mountain View served the community for nearly a century! In 2017, an award-winning renovation—led by a distinguished team including a Professor of Historic Architecture, architects, engineers, and code consultants—breathed new life into this iconic property. Rarely does a property of such grandeur and historical significance become available in Western Canada—let alone within a world-class international ski destination. Mountain View is truly the crown jewel of Revelstoke’s real estate, offering unmatched prestige and functionality. (id:67417)

Property details

Price

$5,045,300

MLS® number

10352878

Property type

Single-family home · Residential Commercial Mix · Other

Ownership

Freehold

Living area

11,250 sq ft

Lot size

0.42 acres · 0.42

Year built

1914

Parking spaces

15

Community

Revelstoke, Revelstoke

Features

Heating

Other

Parking

Additional Parking

Roof

Tar & gravel, Unknown

Water

Municipal water

Sewer

Municipal sewage system

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