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3643 Malakwa Road

MLS® #10381503
About this Property

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)

Property Information

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®

Interior Details

Living Area

5200 square feet

Exterior & Lot

Lot Size

21.75 acres

Waterfront

Waterfront on river

Building & Utilities

Heating

See remarks

Cooling

See Remarks

Water Source

Well

Sewer

Septic tank

Utilities

Electricity

$1,289,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
5200sqft
Listing Courtesy of

Office

Sotheby's International Realty Canada

Mortgage Calculator
$257,800

Loan Amount:

$1,031,200

Estimated Monthly Payment:

$5,025

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