1451 Columbia Avenue Castlegar, British Columbia V1N 1H8
$978,000
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. (id:60329)
Property Details
| MLS® Number | 10351656 |
| Property Type | Multi-family |
| Neigbourhood | North Castlegar |
| Amenities Near By | Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping |
| Features | Level Lot |
| Parking Space Total | 15 |
| View Type | River View, Valley View, View Of Water, View (panoramic) |
| Water Front Type | Waterfront On River |
Building
| Constructed Date | 1979 |
| Exterior Finish | Stucco |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Forced Air, See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Size Interior | 3,667 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access, Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.56 |
| Size Total | 0.56 Ac|under 1 Acre |
| Size Total Text | 0.56 Ac|under 1 Acre |
| Zoning Type | Mixed |
https://www.realtor.ca/real-estate/28451048/1451-columbia-avenue-castlegar-north-castlegar
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June 12 2025 05:28:57
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