2479062 | 2250 6TH Avenue

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2250 6TH Avenue
Castlegar British Columbia , V1N2V9 , Canada

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Tristan Chart

Sales Representative

Phone: 250.860.1100

Email Me

Royal LePage Kelowna

Brokerage:

1 - 1890 COOPER ROAD

Kelowna, BC
V1Y8B7

Phone: 250.860.1100

Fax: 250.860.0595

Company Website

$995,000.00

MLS® 2479062

Investment

Built in:

1961

Remarks:

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:27)

Property Features:

Access Type: Easy access , Highway access
Amenities Nearby: Public Transit , Airport , Park , Recreation , Schools , Shopping
Community Features: Family Oriented , High Traffic Area
Features: Level lot
OwnershipType: Freehold
Property Type: Multi-family
Sewer: Municipal sewage system
Zoning Type: Unknown

Building Features:

Building Type: Multi-Family
Exterior Finish: Stucco
Heating Type: Forced air
Roof Material: Asphalt shingle
Roof Style: Unknown
Utility Power: Single Phase

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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