2250 6th Avenue South Castlegar, British Columbia V1N 2V9
$995,000
Offered for sale is 2250 6th Avenue, located in Castlegar, BC - an exceptional multi-family investment and development opportunity with consistent occupancy and tremendous upside. Featuring 4 suites including two 2-bed and two 1-bed suites across a total of 2,772 sq. ft. rentable area, a two-car garage with potential suite conversion potential, 8 exterior parking stalls, +8,000 SF of surplus development land with proposed concept drawings for a second 4-plex, and favourable OCP (mixed-use) and zoning (C3) designations that encourage mixed-use development, the property is extremely well positioned for investors and developers to leverage a stable income base (~6.00% cap rate) and realize exciting upside. The property is located in central Castlegar along 6th Avenue - just one block from the new 54-unit Park Place Condos project, and two blocks from Castlegar's commercial centre offering Canadian Tire, A&W, McDonald's, Shoppers Drug Mart, Boston Pizza, the Castlegar Community Complex, and much more. (id:48309)
Property Details
| MLS® Number | 2479062 |
| Property Type | Multi-family |
| Community Name | South Castlegar |
| AmenitiesNearBy | Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores |
| CommunityFeatures | High Traffic Area, Family Oriented |
| Features | Central Location, Visual Exposure, Flat Site, Other, Level |
Building
| ConstructedDate | 1961 |
| ExteriorFinish | Stucco |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| UtilityPower | Single Phase |
| UtilityWater | Municipal Water |
Land
| AccessType | Easy Access, Highway Access |
| Acreage | No |
| LandAmenities | Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores |
| Sewer | See Remarks |
| SizeTotalText | Under 1 Acre |
| ZoningType | Residential/commercial |
https://www.realtor.ca/real-estate/27295308/2250-6th-avenue-south-castlegar-south-castlegar
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Tristan Chart
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7
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August 15 2024 08:14:32
Kootenay Real Estate Board
Royal LePage Kelowna
Kootenay Homes