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231 Finlayson Street, Sicamous

MLS® #10383153
About this Property

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)

Property Information

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®

Interior Details

Living Area

6949 square feet

Architectural Style

Bungalow

Flooring

LaminateVinyl

Appliances

RefrigeratorRange - ElectricWasher & Dryer
Exterior & Lot

Lot Size

0.76 acres

Community Features

Rentals Allowed
Building & Utilities

Roof

Metal,Other,Unknown

Heating

Baseboard heaters

Water Source

Municipal water

Sewer

Municipal sewage system

Security

Smoke Detector Only

$1,855,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
6949sqft
Listing Courtesy of

Office

Homelife Salmon Arm Realty.Com

Mortgage Calculator
$371,000

Loan Amount:

$1,484,000

Estimated Monthly Payment:

$7,232

This is an estimate for informational purposes only. Consult with a financial advisor.