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616 Third Street W, Revelstoke
2026-07-31
Quick Summary
MLS®#10352878
Property Description
This multi-award winning property stands as both a cultural landmark and high-performing investment in Revelstoke's booming downtown core. Its 11,000+ sq/ft space generates exceptional cash flow, with: ⢠Profitability: Six figures with room to grow. ⢠Stable Tenant Mix: 8 long-term leases (up to 15 years) ⢠Tenant Retention: 3 renewals demonstrating exceptional occupancy satisfaction ⢠Unique Value-Add Opportunity - The Heritage Revitalization Agreement (HRA) permits a fourth-floor addition (>3,500 sq/ft) ⢠Future-proofing as commercial demand outpaces supply The property's irreplaceable location, combined with its diversified income streams and institutional-grade tenancies, creates a rare ""set-and-forget"" investment with appreciation upside in Canada's fastest-growing mountain resort market. Originally constructed in 1914 as a school, Mountain View served the community for nearly a century! In 2017, an award-winning renovationâled by a distinguished team including a Professor of Historic Architecture, architects, engineers, and code consultantsâbreathed new life into this iconic property. Rarely does a property of such grandeur and historical significance become available in Western Canadaâlet alone within a world-class international ski destination. Mountain View is truly the crown jewel of Revelstokeâs real estate, offering unmatched prestige and functionality. (id:32467)
Property Features
Building
- Fireplace: No
- Interior Size: 11250 sqft
- Building Type: Residential Commercial Mix
- Utility Water: Municipal water
Land
- Land Size: 0.42 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Real Broker B.C. Ltd
Listing information last updated on: 2026-07-30 23:00:29
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How much could you save in commission selling with One Percent Realty?
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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.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
Yes, and yes.
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