2250 6th Avenue South Castlegar, BC V1N 2V9
Listing Courtesy of:  CREA / Royal Lepage Kelowna

  2250 6th Avenue South Castlegar, BC V1N 2V9

Active (32 Days)

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:41440)

MLS®:
2479062
Type
Multifamily
Year Built
1961
County
Central Kootenay

Listed By

Tristan Chart, Royal Lepage Kelowna
Source
CREA
Last checked Sep 16 2024 at 7:25 PM PDT
Bathroom Details
Lot Information
  • Level
  • Other
  • Flat Site
  • Visual Exposure
  • Central Location
Heating and Cooling
  • Electric
  • Forced Air
Exterior Features
  • Stucco
Utility Information
  • Sewer: See Remarks
Location
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 9/16/24 12:25

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