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Castlegar
2250 6TH Avenue
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2250 6TH Avenue $995,000
$995,000
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2250 6TH Avenue
Castlegar, British Columbia V1N2V9

MLS® Number: 2479062

Listing Description

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. (29774370)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
South Castlegar
Title
Freehold
Land Size
0.4 ac|under 1 acre
Built in
1961
Annual Property Taxes
$3,749
Time on REALTOR.ca
129 days

Building

Bathrooms
Partial
0
Building Features
Features
Level lot
Present Use
Community Multi-Tenant
Heating & Cooling
Heating Type
Forced air
Utilities
Utility-Hydro
Single Phase
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Unknown (Asphalt shingle)
Exterior Finish
Stucco
Neighbourhood Features
Community Features
Family Oriented, High Traffic Area
Amenities Nearby
Public Transit, Airport, Park, Recreation, Schools, Shopping

Land

Lot Features
Landscape Features
Level
Other Property Information
Access
Easy access, Highway access
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
250-777-7493
REALTOR® Website
Email
Book showing
Royal LePage Kelowna
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y8B7
250-860-1100
250-860-0595
Office Website

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