643 11TH Avenue North Castlegar, Castlegar, British Columbia, CA

Address: 643 11TH Avenue, Castlegar, British Columbia

0 Beds0 Baths3000 sqftStatus: Buy
Price $989,000

Property Overview


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:51532)

 

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Property Summary
Property Type
Multi-family
Building Type
Multi-Family
Storeys
3
Square Footage
3000 sqft
Title
Freehold
Neighbourhood Name
North Castlegar
Land Size
0.28 ac|under 1 acre
Built in
1946
Parking Type
Covered
Building
Interior Features
Appliances Included
Refrigerator, Oven, Washer & Dryer
Flooring
Mixed Flooring
Building Features
Features
Level lot, See remarks, Balcony
Architecture Style
Split level entry
Split Level Style
Other
Square Footage
3000 sqft
Heating & Cooling
Heating Type
Baseboard heaters, Forced air
Utilities
Utility Type
Cable(Available),Electricity(Available),Natural Gas(Available),Telephone(Available),Sewer(Available),Water(Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Stucco
Neighbourhood Features
Community Features
High Traffic Area, Pets Allowed, Rentals Allowed
Amenities Nearby
Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski area
Parking
Parking Type
Covered
Total Parking Spaces
6
Features
           Level lot            See remarks            Balcony
           Covered            Refrigerator            Oven
           Washer & Dryer
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Your Home Finance Calculation

Property Price CA $989,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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