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2250 6TH AVENUE, South Castlegar
2024-08-15
Quick Summary
MLS®#2479062
Property 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. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores
Building
- Exterior Finish: Stucco
- Fireplace: No
- Utility Water: Municipal water
Features
- Feature: Central location, Visual exposure, Flat site, Other, Level
Land
- Land Size: under 1 acre
- Sewer: See remarks
Ownership
- Type: Freehold
Information entered by Royal LePage Kelowna
Listing information last updated on: 2024-08-15 20:14:32
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
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We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
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