2250 6th Avenue Castlegar, British Columbia V1N 2V9
$995,000
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:47201)
Property Details
| MLS® Number | 2479062 |
| Property Type | Multi-family |
| Neigbourhood | South Castlegar |
| Amenities Near By | Public Transit, Airport, Park, Recreation, Schools, Shopping |
| Community Features | Family Oriented, High Traffic Area |
| Features | Level Lot |
Building
| Constructed Date | 1961 |
| Exterior Finish | Stucco |
| Heating Type | Forced Air |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Type | Multi-family |
| Utility Power | Single Phase |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access, Highway Access |
| Acreage | No |
| Land Amenities | Public Transit, Airport, Park, Recreation, Schools, Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.4 |
| Size Total | 0.4 Ac|under 1 Acre |
| Size Total Text | 0.4 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27295308/2250-6th-avenue-castlegar-south-castlegar
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October 29 2024 09:30:49
Okanagan-Mainline Real Estate Board
Fair Realty