2250 6TH AVENUE, South Castlegar, British Columbia, V1N 2V9

MLS® # 2479062

Investment For Sale In South Castlegar, British Columbia

$995,000

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2250 6Th Avenue, South Castlegar, BC - Outdoor

2250 6Th Avenue, South Castlegar, BC - Outdoor With View

2250 6Th Avenue, South Castlegar, BC - Indoor Photo Showing Other Room

2250 6Th Avenue, South Castlegar, BC - Indoor Photo Showing Kitchen

2250 6Th Avenue, South Castlegar, BC - Indoor Photo Showing Bathroom

2250 6Th Avenue, South Castlegar, BC - Outdoor With Facade

2250 6Th Avenue, South Castlegar, BC - Indoor

2250 6Th Avenue, South Castlegar, BC - Indoor Photo Showing Kitchen With Double Sink

2250 6Th Avenue, South Castlegar, BC - Indoor Photo Showing Bedroom

2250 6Th Avenue, South Castlegar, BC - Outdoor With Exterior

2250 6Th Avenue, South Castlegar, BC - Indoor Photo Showing Laundry Room

2250 6Th Avenue, South Castlegar, BC - Indoor Photo Showing Gym Room

2250 6Th Avenue, South Castlegar, BC - Outdoor With Body Of Water With View

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2250 6TH AVENUE, South Castlegar, British Columbia, V1N 2V9

$995,000

Property Information:

Offered for sale is 2250 6th Avenue, located in Castlegar, BC - an exceptional multi-family investment and development opportunity with consistent occupancy and tremendous upside. Featuring 4 suites including two 2-bed and two 1-bed suites across a total of 2,772 sq. ft. rentable area, a two-car garage with potential suite conversion potential, 8 exterior parking stalls, +8,000 SF of surplus development land with proposed concept drawings for a second 4-plex, and favourable OCP (mixed-use) and zoning (C3) designations that encourage mixed-use development, the property is extremely well positioned for investors and developers to leverage a stable income base (~6.00% cap rate) and realize exciting upside. The property is located in central Castlegar along 6th Avenue - just one block from the new 54-unit Park Place Condos project, and two blocks from Castlegar's commercial centre offering Canadian Tire, A&W, McDonald's, Shoppers Drug Mart, Boston Pizza, the Castlegar Community Complex, and much more. (id:27)

Building Features:

Style: Multiplex
Exterior Finish: Stucco
Utility Power: Single Phase
Heating Type: Forced air
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Easy access, Highway access
Amenities Nearby: Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores
Built in: 1961
Community Features: High Traffic Area, Family Oriented
Features: Central location, Visual exposure, Flat site, Other, Level
Zoning Type: Residential/Commercial
Sewer: Sewer

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Notes:

Tristan Chart

Sales Representative Royal LePage Kelowna *

Office:250.860.1100

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Market Price Trends

Location of 2250 6TH AVENUE, South Castlegar, British Columbia, V1N 2V9

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, 2250 6TH AVENUE , experiences 7 hot days per year at around 32.3 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 36.2 degrees Celsius.

Projected Avg. Temperature

Past

32.3℃

2050

36.2℃

# 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

71/100

Moderate-High

ClimateCheck®

Current data

This property, 2250 6TH AVENUE , experiences 13 significant 2-day storms per year, with about 305.2mm 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 357.3mm of precipitation per year.

Precipitation Per Storm

Past

305.2mm

2050

357.3mm

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 2250 6TH AVENUE, South Castlegar, British Columbia, V1N 2V9

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$111,588.99

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.6 %

High school certificate or equivalent

29.31 %

Apprenticeship trade certificate/diploma

13.84 %

College/non-university certificate

22.09 %

University certificate (below bachelor)

0.17 %

University Degree

16.0 %

Commuter

Travel To Work

By Car

87.21 %

By Public Transit

2.11 %

By Walking

8.98 %

By Bicycle

0.0 %

By Other Methods

1.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

15.19 %

Houses

84.81 %

Own Vs. Rent

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2250 6TH AVENUE, South Castlegar, British Columbia, V1N 2V9 $995,000 MLS® # 2479062

Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 2250 6TH AVENUE, South Castlegar, British Columbia, V1N 2V9

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 2250 6TH AVENUE, South Castlegar, British Columbia, V1N 2V9

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

2250 6TH AVENUE, South Castlegar, British Columbia, V1N 2V9

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