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:35966)
643 11th AvenueCastlegar, British Columbia, V1N1J7
Listing Details
Property Details
- Full Address:
- 643 11TH Avenue, Castlegar, British Columbia
- Price:
- $ 989,000
- MLS Number:
- 2479623
- List Date:
- September 19th, 2024
- Neighbourhood:
- North Castlegar
- Lot Size:
- 0.28 ac
- Year Built:
- 1946
- Taxes:
- $ 3,929
Interior Features
- Appliances:
- Refrigerator, Oven, Washer & Dryer
- Flooring:
- Mixed Flooring
- Heating:
- Baseboard heaters, Forced air
Building Features
- Architectural Style:
- Split level entry
- Storeys:
- 3
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Power:
- Single Phase
- Roof:
- Asphalt shingle, Unknown
- Zoning:
- Multi-Family
- Exterior:
- Stucco
- Garage:
- Covered
- Garage Spaces:
- 6
- Ownership Type:
- Freehold
- Taxes:
- $ 3,929
Floors
- Finished Area:
- 3000 sq.ft.
Land
- Lot Size:
- 0.28 ac
Neighbourhood Features
- Amenities Nearby:
- High Traffic Area, Pets Allowed, Rentals Allowed
Ratings
Commercial Info
Location
Neighbourhood Details
REALTOR® Details
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