2241 Columbia Av - Multi-Family FOR SALE


Castlegar, BC V1N 2X2
$1,790,000 CAD
778-651-7952
2241 Columbia Av, Castlegar, BC for Sale
$1,790,000 CAD
Multi-Family - FOR SALE
1/10
null | 5.36% Cap Rate

2241 Columbia Av
Castlegar, BC V1N 2X2


OVERVIEW

We are pleased to present a rare opportunity to acquire a well-maintained, three-storey walk-up apartment building at 2241 Columbia Avenue, Castlegar, BC. The Property comprises 10 all two-bedroom suites, offering an uncommonly uniform suite mix that drives strong tenant demand and stable, long-term income. The building has been thoughtfully maintained and upgraded throughout, featuring 10 spacious two-bedroom suites ranging from 988 sf to 1,024 sf, well above typical market suite sizes. Additional revenue is generated through coin-operated laundry, and ample on-site parking is provided for all units. The Property is generating a 5.36% cap rate, with significant rental upside of $610 per unit/month, providing an opportunity to increase the yield to 9.21%.

FOR SALE DETAILS

PRICE

$1,790,000 CAD

PRICE/SF

$178 CAD /SF

# OF UNITS

10

PRICE/UNIT

$179,000

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,379 SF

ZONING

R4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bijan LaljiAvison YoungMore Info
778-651-7952

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Bijan LaljiAvison YoungMore Info
778-651-7952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.