2250 6TH AVENUE, South Castlegar | $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.

Gallery87

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.

General Info

MLS Listing ID: 2479062 Bedrooms: 0 Bathrooms: 0 Year Built: 1961
Parking: N/A Heating: Forced air Lotsize: N/A Air Conditioning : N/A

Amenities/Features

  • Central location
  • Visual exposure
  • Flat site
  • Other
  • Level

MAP View

Street View

Get More Info


Mortgage Calculator


Calculate
Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .