$989,000
FOR SALE

Multiplex

643 11th Avenue
North Castlegar, BC V1N 1J7

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! (id:47421)
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Listed By Fair Realty
Data Provided By Kootenay Association of REALTORS®
MLS® Listing Number 2479623
Last Updated Sep 23, 2024
Property Summary
Property Type Multiplex

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Community North Castlegar
Price History

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Detailed Information
Amenities Nearby Shopping, Park, Airport, Ski hill, Public Transit, Recreation Nearby, Golf Nearby, Schools, Stores, Ski area
Communication Type High Speed Internet
Community Features High Traffic Area
Features Central location, Flat site, Other, Paved driveway, Level
Listing Contract Date 2024-09-19
Municipal ID 012-708-224
Ownership Type Freehold
Property Type Multi-family
Transaction Type For sale
Zoning Multi-Family
Building
Amenities Storage - Locker
Constructed Date 1946
Exterior Finish Stucco
Flooring Type Mixed Flooring
Utility Power Single Phase
Utility Water Municipal water
Land
Total Size under 1 acre
Access Type Easy access
Amenities Shopping, Park, Airport, Ski hill, Public Transit, Recreation Nearby, Golf Nearby, Schools, Stores, Ski area
Landscape Features Fully landscaped
Sewer See remarks
External Links

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