BC
Castlegar
V1N1J7
643 11TH Avenue
643 11TH Avenue, Castlegar, BC V1N1J7
Listing Type
multi family
Listing Status
active
82
$989,000

Home Details for 643 11TH Avenue

Price
$989,000
Type
Multi-family
Bedrooms
0
Bathrooms
0.0
Square feet
3000
Year built
1946
Lot size acres
0.28 ac|under 1 acre
Parking
Covered
Days on site
78
Listing #
2479623_27441666
Listing courtesy: Fair Realty (Nelson)
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:1184)

Property Features
  • House Interior
    • Level lot
    • See remarks
    • Balcony
  • Heating Information
    • Baseboard heaters
    • Forced air
  • Parking
    • Covered
  • Fire Place
    • False
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Median Listing Price
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Market statistics compiled from data from Canadian Real Estate Association.
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