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$1,795,000

231 Finlayson Street

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Sicamous British Columbia

231 Finlayson Street
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General 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:56795)

General Information
MLS® Number:10383153
Property Type:Multi-family
Building Type:Multi-Family
Ownership:Freehold
Year Built:1970
 

Layout
Stories:1
 

Finished Floor Area
Total:6949 sqft
 

Lot & Area Information
Irregular Lot?Yes
Acreage?No
Lot Size:0.76 ac|under 1 acre
Community:Rentals Allowed

Agents


Rob McKibbon


Property & Building Features

Roof:Metal,Other
Water:Municipal water
Sewage:Municipal sewage system
Appliances:Refrigerator, Range - Electric, Washer & Dryer
Heating:Baseboard heaters
Flooring:Laminate, Vinyl

 

Map to Property

 
 
 
HomeLife Realty Salmon Arm HomeLife Realty Salmon Arm
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404 - 251 Trans-Canada Hwy NW
Salmon Arm BC V1E 3B8
Phone: 250-832-7871
Fax: 250-832-7573
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