$ 989,000
643 11TH Avenue Castlegar, BC V1N1J7
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$ 989,000
Est. payment | /mo
3,000 SqFt
$ 989,000
Est. payment | /mo
3,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $329
Subdivision North Castlegar
MLS® Listing ID 2479623
Style Split level entry
Originating Board Association of Interior REALTORS®
Year Built 1946
Lot Size 0.280 Acres
Acres 12196.8
Property Description
Welcome to a unique investment opportunity in the heart of Castlegar! Two separate lots and a six plex all for one price! This well-maintained six-plex multifamily property offers a perfect blend of comfort, convenience, and income potential. This property features 6 well-designed apartments. Two units are 2-bedroom, 1 bathroom. Three units are 1 bedroom, 1 bathroom, and we have one studio suite. The building is 100% occupied, providing immediate cash flow with room for increased rental income. Situated in a desirable neighborhood, this property is conveniently located near Kootenay Market, the Liquor store, Crumbs Bakery, shopping centers, Millennium Park and public transportation. This six-plex presents an excellent opportunity for both seasoned investors and first-time buyers. With a strong rental history and low vacancy rates, this property promises a solid return on investment. Potential for rent increases and value appreciation makes this an ideal addition to any real estate portfolio. Sell off one lot and keep the six-plex, or look into permitting to build another multiplex on the vacant lot with R3 zoning. There may be opportunity to build on the second lot with variance approval. Don?t miss out on this rare opportunity to own a thriving multifamily property. Schedule a viewing today and explore the potential this six-plex has to offer! (id:24570)
Location
Province BC
Zoning Multi-Family
Interior
Heating Baseboard heaters, Forced air
Flooring Mixed Flooring
Exterior
Garage Yes
Community Features High Traffic Area, Pets Allowed, Rentals Allowed
Waterfront No
View Y/N No
Roof Type Unknown
Total Parking Spaces 6
Private Pool No
Building
Lot Description Level
Story 3
Sewer Municipal sewage system
Architectural Style Split level entry
Others
Ownership Freehold
Listed by Fair Realty (Nelson)