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Royal LePage
Royal LePage
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$949,900

Castlegar BC, V1N 1H8

MLS® # 10351656

Property Information:

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.

Property Features:

  • Annual Tax Amount: $6,301
  • Built in: 1979
  • Community Features: Near Schools, Park, Recreation Area, Airport/Runway, Shopping
  • Construction Materials: Mixed, Stucco
  • Cooling: None
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Lot Size: 0.56 Acres
  • Parking Features: Open
  • Roof: Asphalt, Shingle
  • View: River, Valley, Water
  • Water Source: Public
  • Waterfront Features: River Front
  • Sewer: Public Sewer
  • No. of Parking Spaces: 15

This listing content provided by Brokers PlaybookTM

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⚠ Potential Investment Performance

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Location of 1451 Columbia Avenue, Castlegar, BC, V1N 1H8

Demographic Information of 1451 Columbia Avenue, Castlegar, BC, V1N 1H8

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$112,379.78

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.22 %

High school certificate or equivalent

33.1 %

Apprenticeship trade certificate/diploma

12.73 %

College/non-university certificate

22.26 %

University certificate (below bachelor)

0.73 %

University Degree

14.97 %

Commuter

Travel To Work

By Car

87.01 %

By Public Transit

0.0 %

By Walking

4.63 %

By Bicycle

0.0 %

By Other Methods

8.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

3.23 %

Houses

96.77 %

Own Vs. Rent

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