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:47423)
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Detailed Information
Amenities Nearby
Shopping, Park, Airport, Ski hill, Public Transit, Recreation Nearby, Golf Nearby, Schools, Stores, Ski area
Communication Type
High Speed Internet
Community Features
High Traffic Area
Features
Central location, Flat site, Other, Paved driveway, Level
Listing Contract Date
2024-09-19
Municipal ID
012-708-224
Ownership Type
Freehold
Property Type
Multi-family
Transaction Type
For sale
Zoning
Multi-Family
Building
Amenities
Storage - Locker
Constructed Date
1946
Exterior Finish
Stucco
Flooring Type
Mixed Flooring
Utility Power
Single Phase
Utility Water
Municipal water
Land
Total Size
under 1 acre
Access Type
Easy access
Amenities
Shopping, Park, Airport, Ski hill, Public Transit, Recreation Nearby, Golf Nearby, Schools, Stores, Ski area
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