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Castlegar
1451 Columbia Avenue
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1451 Columbia Avenue $978,000
$978,000
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1451 Columbia Avenue
Castlegar, British Columbia V1N1H8

MLS® Number: 10351656

Listing Description

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. (38802704)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
2
Neighbourhood Name
North Castlegar
Title
Freehold
Land Size
0.56 ac|under 1 acre
Built in
1979
Annual Property Taxes
$6,301.18
Total Parking Spaces
15
Time on REALTOR.ca
10 days

Price and Sale History

Date Status Price
Jun 27, 2017 Sale Closed $507,500
Jan 11, 2006 Sale Closed $315,000
Jan 6, 2006 Sale Closed $315,000

Building

Bathrooms
Partial
0
Building Features
Features
Level lot
Present Use
Community Multi-Tenant
Heating & Cooling
Heating Type
Baseboard heaters, (Electric), Forced air, See remarks
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Unknown (Asphalt shingle)
Exterior Finish
Stucco
Neighbourhood Features
Amenities Nearby
Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping
Parking
Total Parking Spaces
15

Measurements

Square Footage
3667 sqft

Land

Lot Features
Landscape Features
Level
View
River view, Valley view, View of water, View (panoramic)
Other Property Information
Access
Easy access, Highway access
Zoning Type
Mixed
Waterfront Features
Waterfront
Waterfront on river
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
250-777-7493
REALTOR® Website
Email
Book showing
Royal LePage Kelowna
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y8B7
250-860-1100
250-860-0595
Office Website

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