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643 11TH Avenue
Castlegar British Columbia V1N1J7 Canada

$989,000

Active Listing ID 2479623
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3,000 square feet
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Multi-family

$989,000

Active Listing ID 2479623
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643 11TH Avenue 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Exterior Finish: Stucco
  • Floor Covering: Mixed Flooring
  • Roof Type: Asphalt shingle, Unknown
  • Heating Systems: Baseboard heaters, Forced air
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/11/2024 9:00:43 PM GMT
Source Updated Date: 11/22/2024 10:09:03 PM GMT

Courtesy of: Sheila Chutskoff, , Fair Realty (Nelson)