Commercial Real Estate in Castlegar available for sale
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More details for 2241 Columbia Av, Castlegar, BC - Multifamily for Sale

2241 Columbia Av

Castlegar, BC V1N 2X2

  • Multifamily for Sale
  • $1,790,000 CAD
  • 10,031 SF

Castlegar Multifamily for Sale

We are pleased to present a rare opportunity to acquire a well-maintained, three-storey walk-up apartment building at 2241 Columbia Avenue, Castlegar, BC. The Property comprises 10 all two-bedroom suites, offering an uncommonly uniform suite mix that drives strong tenant demand and stable, long-term income. The building has been thoughtfully maintained and upgraded throughout, featuring 10 spacious two-bedroom suites ranging from 988 sf to 1,024 sf, well above typical market suite sizes. Additional revenue is generated through coin-operated laundry, and ample on-site parking is provided for all units. The Property is generating a 5.36% cap rate, with significant rental upside of $610 per unit/month, providing an opportunity to increase the yield to 9.21%.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-06-11
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