643 11Th Avenue, Castlegar, BC, V1N 1J7 - investment for sale | Listing ID 2479623

Investment For Sale In Castlegar, British Columbia

$989,000

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643 11Th Avenue, Castlegar, BC - Outdoor

643 11Th Avenue, Castlegar, BC - Outdoor With Exterior

643 11Th Avenue, Castlegar, BC - Outdoor With View

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Kitchen

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Dining Room

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Living Room With Fireplace

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Living Room

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Other Room

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Bedroom

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Bathroom

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Gym Room

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Kitchen With Double Sink

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Basement

643 11Th Avenue, Castlegar, BC - Indoor Photo Showing Laundry Room

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643 11TH Avenue, Castlegar, British Columbia, V1N 1J7

$989,000

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Architectural Style: Split level entry
Construction Style - Split Level: Other
Exterior Finish: Stucco
Flooring Type: Flooring Type
Roof Material: Asphalt shingle
Roof Style: Unknown
Utility Power: Single Phase
Heating Type: Baseboard heaters, Forced air
Appliances: Refrigerator, Oven

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Easy access
Amenities Nearby: Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski area
Built in: 1946
Community Features: High Traffic Area, Pets Allowed, Rentals Allowed
Features: Level lot, See remarks, Balcony
Landscape Features:
Utility Type: Telephone - Available, Natural Gas - Available, Sewer - Available, Cable - Available, Hydro - Available, Water - Available
Zoning Type: Multi-Family
Sewer: Municipal sewage system
Parking Type: Covered
No. of Parking Spaces: 6

Courtesy of: Fair Realty (Nelson)

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Market Price Trends

Location of 643 11TH Avenue, Castlegar, British Columbia, V1N 1J7

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

28 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

16 storms expected in 2050

Projected Heat Risk: Moderate

28 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 643 11TH Avenue , experiences 7 hot days per year at around 32.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 36.1 degrees Celsius.

Projected Avg. Temperature

Past

32.1℃

2050

36.1℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

16 storms expected in 2050

73/100

Moderate-High

ClimateCheck®

Current data

This property, 643 11TH Avenue , experiences 14 significant 2-day storms per year, with about 307.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 16 significant 2-day storms with 360.4mm of precipitation per year.

Precipitation Per Storm

Past

307.5mm

2050

360.4mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 643 11TH Avenue, Castlegar, British Columbia, V1N 1J7

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$99,782.99

Average Number of Children

1.50

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.27 %

High school certificate or equivalent

35.45 %

Apprenticeship trade certificate/diploma

14.81 %

College/non-university certificate

21.66 %

University certificate (below bachelor)

0.01 %

University Degree

11.8 %

Commuter

Travel To Work

By Car

92.19 %

By Public Transit

0.0 %

By Walking

0.01 %

By Bicycle

0.0 %

By Other Methods

7.8 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

15.61 %

Houses

84.39 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 643 11TH Avenue, Castlegar, British Columbia, V1N 1J7

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 643 11TH Avenue, Castlegar, British Columbia, V1N 1J7

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

643 11TH Avenue, Castlegar, British Columbia, V1N 1J7

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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