643 11th Avenue, Castlegar, British Columbia V1N 1J7

Listed for:
$989,000
0 beds
0 baths
Listed 191 days ago
Multi-Family for rent: 643 11th Avenue, Castlegar, British Columbia V1N 1J7

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Learn more about this property
Listing provided by:
Fair Realty (Nelson)
MLS® number:
2479623
Agent:
Sheila Chutskoff
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About

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:27476)

Property Highlights

MLS® Number
2479623
Type
Multi-family
Community Name
North Castlegar
Maintenance Fee
0.00
Ownership Type
Freehold
Land Size
0.28 ac|under 1 acre
Parking Space Total
6

Building

Building Type
Multi-Family
Storeys
3.00
Square Footage
3000 sqft
Amenities
Storage - Locker Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski area
Exterior Finish
Stucco
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters, Forced air
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Power
Single Phase
Utility Sewer
Municipal sewage system

Location