3643 Malakwa Road
Incredible investment opportunity, sitting on 21.795 acres of riverfront land to the northeast of Sicamous, adjacent to Highway 1 (Trans Canada Highway). This offering includes a gas station with high visibility (leased to September 2031), fuel tank; an equipped restaurant (currently vacant), six modular homes (currently rented), a structure with a rental both up and down, RV stalls, significant frontage onto Eagle River, and a freehold interest across the river where it bisects the property (Private island... helicopter landing spot? Private fishing? etc). Water to the property, and rentals, is supplied by a well with adequate filtration (as required by Interior Health). As it currently stands, the property produces excellent cash flow even without the restaurant being leased. With full utilization of the property and natural tenant turnover, this property has tremendous upside. Add in the large land size, and large river frontage with a wonderful beach, this is a once-in-a-lifetime holding property. Please inquire about a financial package of the property, which will include a financial summary. (id:62865)
Status
Active
Year Built
2001
Property Type
Multi-Family
Ownership
Freehold
Annual Tax
$3,071
Parcel Number
030-393-795
Data Source
Association of Interior REALTORS®
Living Area
5200 square feet
Lot Size
21.75 acres
Waterfront
Waterfront on river
Heating
See remarks
Cooling
See Remarks
Water Source
Well
Sewer
Septic tank
Utilities
$1,289,000
Office
Sotheby's International Realty Canada
Loan Amount:
$1,031,200
Estimated Monthly Payment:
$5,025
This is an estimate for informational purposes only. Consult with a financial advisor.
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