$995,000
FOR SALE

Multiplex

2250 6th Avenue
South Castlegar, BC V1N 2V9

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:47421)
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Listed By Royal LePage Kelowna
Data Provided By Kootenay Association of REALTORS®
MLS® Listing Number 2479062
Last Updated Aug 15, 2024
Property Summary
Property Type Multiplex

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Community South Castlegar
Price History

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Detailed Information
Amenities Nearby Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores
Community Features High Traffic Area, Family Oriented
Features Central location, Visual exposure, Flat site, Other, Level
Listing Contract Date 2024-08-15
Municipal ID 012-594-873
Ownership Type Freehold
Property Type Multi-family
Transaction Type For sale
Zoning Residential/Commercial
Building
Constructed Date 1961
Exterior Finish Stucco
Heating Fuel Electric
Heating Type Forced air
Utility Power Single Phase
Utility Water Municipal water
Land
Total Size under 1 acre
Access Type Easy access, Highway access
Amenities Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores
Sewer See remarks
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