$1,525,000

3915 OLD RED MOUNTAIN Road, Rossland V0G1Y0

Built 1963

Detached

Listed by: Century 21 Kootenay Homes (2018) Ltd.

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Description

Excellent Rossland / Red Mountain INVESTMENT opportunity at THE BLOCK!! This property has been substantially renovated to include 4 one-bedroom apartments for long-term rentals, 7 hostel rooms for nightly rentals (with shared common areas, laundry and storage lockers) and a campground with 6 fully serviced RV sites as well as an open field for camping! Located one minute from world-class skiing at Red Mountain Resort and one minute from the top of Rossland with biking & walking trails right out the door! The zoning on this property allows for multiple uses and it has a great CAP rate! Contact your REALTOR for more information on this great income property. **Note - room sizes and floor plans are approximate for Apartment #2 and Hostel Rooms 1,2,3,6 and 7 ** (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Structure: Multi-Family

Annual Taxes: $9,569

Lot Size: 0.74

Property Details

Property Type	Detached
Sub Type	Multi-family
Lot Size	1 sq ft
Year Built	1963
Listing ID	2477215

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3915 OLD RED MOUNTAIN Road, Rossland
MLS® 2477215 · $1,525,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

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Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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