For Sale

$949,900

1451 Columbia Avenue, Castlegar, BC V1N 1H8

Remarks

Available for sale is 1451 Columbia Avenue, located in Castlegar, BC, an exciting 7-unit value-add residential investment opportunity anchored by a long-standing complementary commercial tenant (Sun Life). Featuring 1 x 2-bedroom and 5 x 1-bedroom suites, all of which are paying substantially below market rents, the property is extremely well positioned for investors to leverage a stable income base and capitalize on exciting upside through increasing rents to market. Located with prominent exposure and direct access along Columbia Avenue with ample parking for all tenants, the Property sits immediately adjacent to No Frills, Dollarama, Tim Hortons, The Backeddy Pub, and Co-op Gas Bar. The property is centrally located between downtown and uptown, offering easy access to all of Castlegar’s retail, service and entertainment amenities. Public bus transit services are located within 100 metres, and Selkirk College is only a 7-minute drive away, while favourable C2 zoning further offers potential for both commercial or residential redevelopment. The Property’s stunning backyard further offers tenants rare views of the river and surrounding mountains. Castlegar represents one of the most significant growth stories in the BC Interior, with unprecedented construction, investment and new-to-market businesses such as Wendy’s and Anytime Fitness (within ~1km of the Property, respectively), driven by strong demographic fundamentals. Download the brochure at the link below for more info.

Property Summary

  • Annual Tax Amount: $6,301.18
  • Lot Size: 0.56 Acres
  • No. of Parking Spaces: 15
  • Built in: 1979

Property Features:

  • Community Features:
    Near Schools , Park , Recreation Area , Airport/Runway , Shopping
  • Construction Materials:
    Mixed , Stucco
  • Cooling:
    None
  • Heating:
    Baseboard , Electric , Forced Air , Natural Gas
  • Parking Features:
    Open
  • Roof:
    Asphalt , Shingle
  • Sewer:
    Public Sewer
  • View:
    River , Valley , Water
  • Waterfront Features:
    River Front
  • Water Source:
    Public
Lifestyle
Neighbourhood Info
Sean Upshaw

Sean Upshaw

Sales Representative

Phone:  250-215-0708

Mobile:  250-215-0708

Fax:  250-860-0595

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Royal LePage Kelowna, Brokerage

1 - 1890 COOPER RD
Kelowna,  BC V1Y 8B7

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