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:4069)
Address
231 Finlayson Street
List Price
$1,900,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Style of Home
Bungalow
Transaction Type
Sale
Area
British Columbia
Sub-Area
Sicamous
Floor Area
6,949 Sq. Ft.
Lot Size
0.76 Ac.
Year Built
1970
MLS® Number
10383153
Listing Brokerage
Homelife Salmon Arm Realty.Com
Postal Code
V0E2V1
