Don Rae Realtor


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  • 231 Finlayson Street Sicamous V0E2V1

    Price : $1,900,000 Listing ID : 10383153
    Bedrooms Bathrooms
    Property Type : Multi-family Building Type : Multi-Family
    Title : Freehold Finished Area : 6949 sqft
    Built in : 1970 Total Parking Spaces : 20
    This well maintained 10-unit multi-family residential complex is ideally located within walking distance to Sicamous Town Beach, offering a rare investment opportunity with strong revenue potential and a welcoming community atmosphere. Comprised of six detached buildings, the property features a diverse mix of 1-, 2-, and 3-bedroom units, each with its own individual hydro meter. Significant updates have already been completed, including newer windows and doors, with more than half of the units partially or fully renovated—providing a turnkey opportunity for investors. The complex includes a thoughtfully converted former retail building now housing four bright, modern units with clean, white interiors. In addition, five separate freestanding homes offer six more rental units, each with its own unique character and private outdoor space. Tenants benefit from shared access to a generously sized storage shed and ample on-site parking. This is an exceptional opportunity to acquire a versatile, income-generating property in a desirable location. Cap Rate on list price is 7.3%. (id:56537)

    Call (250)-864-7337 for showing information.
    Details
    Amenities Nearby : - Access : - Appliances Inc : Refrigerator, Range - Electric, Washer & Dryer
    Community Features : Rentals Allowed Features : - Structures : -
    Total Parking Spaces : 20 View : - Waterfront : -
    Zoning Type : -
    Building
    Architecture Style : Bungalow Bathrooms (Partial) : 0 Cooling : -
    Fire Protection : Smoke Detector Only Fireplace Fuel : - Fireplace Type : -
    Floor Space : - Flooring : Laminate, Vinyl Foundation Type : -
    Heating Fuel : - Heating Type : Baseboard heaters Roof Style : Unknown,Unknown
    Roofing Material : Metal,Other Sewer : Municipal sewage system Utility Water : Municipal water
    Basement
    Type : - Development : - Features : -
    Land
    Landscape Features : -
    Rooms
    Level : Type : Dimensions :
    - - -
    Data from sources believed reliable but should not be relied upon without verification. All measurements are approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently under contract.