231 Finlayson Street, Sicamous
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:62865)
Status
Active
Year Built
1970
Property Type
Multi-Family
Ownership
Freehold
Parking Spaces
20
Annual Tax
$8,242
Parcel Number
003-424-791
Data Source
Association of Interior REALTORS®
Living Area
6949 square feet
Architectural Style
Bungalow
Flooring
Appliances
Lot Size
0.76 acres
Community Features
Roof
Metal,Other,Unknown
Heating
Baseboard heaters
Water Source
Municipal water
Sewer
Municipal sewage system
Security
$1,855,000
Office
Homelife Salmon Arm Realty.Com
Loan Amount:
$1,484,000
Estimated Monthly Payment:
$7,232
This is an estimate for informational purposes only. Consult with a financial advisor.
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