- ©MLS 2479062
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:48970) Show More
Details
- Constructed Date: 1961
- Property Type: Multi-family
- Access Type: Easy access, Highway access
- Community: South Castlegar
Ammenities + Nearby
- Shopping
- Park
- Airport
- Public Transit
- Recreation Nearby
- Highway
- Schools
- Stores
- Shopping
- Park
- Airport
- Public Transit
- Recreation Nearby
- Highway
- Schools
- Stores
Features
- Central location
- Visual exposure
- Flat site
- Level
- High Traffic Area
- Family Oriented
- Forced air
Location
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