643 11th Avenue Castlegar, British Columbia V1N 1J7
$989,000
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:46227)
Property Details
| MLS® Number | 2479623 |
| Property Type | Multi-family |
| Neigbourhood | North Castlegar |
| Community Name | North Castlegar |
| Amenities Near By | Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski Area |
| Community Features | High Traffic Area, Pets Allowed, Rentals Allowed |
| Features | Level Lot, See Remarks, Balcony |
| Parking Space Total | 6 |
Building
| Appliances | Refrigerator, Oven, Washer & Dryer |
| Architectural Style | Split Level Entry |
| Constructed Date | 1946 |
| Construction Style Split Level | Other |
| Exterior Finish | Stucco |
| Flooring Type | Mixed Flooring |
| Heating Type | Baseboard Heaters, Forced Air |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 3 |
| Size Interior | 3000 Sqft |
| Type | Multi-family |
| Utility Power | Single Phase |
| Utility Water | Municipal Water |
Parking
| Covered |
Land
| Access Type | Easy Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski Area |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.28 |
| Size Total | 0.28 Ac|under 1 Acre |
| Size Total Text | 0.28 Ac|under 1 Acre |
| Zoning Type | Multi-family |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
| Sewer | Available |
| Water | Available |
https://www.realtor.ca/real-estate/27441666/643-11th-avenue-castlegar-north-castlegar
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November 11 2024 08:49:39
Okanagan-Mainline Real Estate Board
Fair Realty (Nelson)