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Castlegar
643 11TH Avenue
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643 11TH Avenue $989,000
$989,000
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643 11TH Avenue
Castlegar, British Columbia V1N1J7

MLS® Number: 2479623

Listing Description

Welcome to a unique investment opportunity in the heart of Castlegar! Two separate lots and a six plex all for one price! This well-maintained six-plex multifamily property offers a perfect blend of comfort, convenience, and income potential. This property features 6 well-designed apartments. Two units are 2-bedroom, 1 bathroom. Three units are 1 bedroom, 1 bathroom, and we have one studio suite. The building is 100% occupied, providing immediate cash flow with room for increased rental income. Situated in a desirable neighborhood, this property is conveniently located near Kootenay Market, the Liquor store, Crumbs Bakery, shopping centers, Millennium Park and public transportation. This six-plex presents an excellent opportunity for both seasoned investors and first-time buyers. With a strong rental history and low vacancy rates, this property promises a solid return on investment. Potential for rent increases and value appreciation makes this an ideal addition to any real estate portfolio. Sell off one lot and keep the six-plex, or look into permitting to build another multiplex on the vacant lot with R3 zoning. There may be opportunity to build on the second lot with variance approval. Don?t miss out on this rare opportunity to own a thriving multifamily property. Schedule a viewing today and explore the potential this six-plex has to offer! (29921289)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
3
Neighbourhood Name
North Castlegar
Title
Freehold
Land Size
0.28 ac|under 1 acre
Built in
1946
Annual Property Taxes
$3,929
Parking Type
Covered
Time on REALTOR.ca
94 days

Building

Bathrooms
Partial
0
Interior Features
Appliances Included
Refrigerator, Oven, Washer & Dryer
Flooring
Mixed Flooring
Building Features
Features
Level lot, See remarks, Balcony
Present Use
Community Multi-Tenant
Architecture Style
Split level entry
Split Level Style
Other
Heating & Cooling
Heating Type
Baseboard heaters, Forced air
Utilities
Utility Type
Cable (Available), Electricity (Available), Natural Gas (Available), Telephone (Available), Sewer (Available), Water (Available)
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
High Traffic Area, Pets Allowed, Rentals Allowed
Amenities Nearby
Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski area
Parking
Parking Type
Covered
Total Parking Spaces
6

Measurements

Square Footage
3000 sqft

Land

Lot Features
Landscape Features
Level
Other Property Information
Access
Easy access
Zoning Type
Multi-Family
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
Sheila Chutskoff
250-575-0718
Email
Book showing
Fair Realty (Nelson)
191 Baker Street
Nelson, British Columbia V1L4H1
855-310-1212
866-232-1101
Office Website

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