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2250 6TH Avenue
Castlegar British Columbia V1N2V9 Canada

$995,000

Active Listing ID 2479062
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Multi-family

$995,000

Active Listing ID 2479062
Save

2250 6TH Avenue 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Exterior Finish: Stucco
  • Roof Type: Asphalt shingle, Unknown
  • Heating Systems: Forced air
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/11/2024 9:00:35 PM GMT
Source Updated Date: 11/22/2024 10:09:03 PM GMT

Courtesy of: Tristan Chart, , Royal LePage Kelowna