$1,855,000
231 Finlayson Street, Sicamous V0E2V1
6,949 Sq Ft
Built 1970
Detached
Listed by: Homelife Salmon Arm Realty.Com.
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Description
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 7.1%. (id:66934)
Location
Approximate location supplied by the listing data provider.
Features
Parking Spaces: 20
Structure: Multi-Family
Annual Taxes: $8,242
Lot Size: 0.76
Property Details
| Property Type | Detached |
|---|---|
| Sub Type | Multi-family |
| Living Area | 6,949 sq ft |
| Lot Size | 1 sq ft |
| Year Built | 1970 |
| Stories | 1.0 |
| Parking | 20 spaces |
| Listing ID | 10383153 |
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