Commercial Real Estate in Castlegar available for sale
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Multifamily Property for Sale near Castlegar

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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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LoopNet Canada British Columbia Multifamily Properties For Sale in Castlegar, BC, Canada

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Multifamily Properties for Sale in Castlegar

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How many multifamily properties are available for sale in Castlegar?
There are currently 1 multifamily properties available for sale in Castlegar, offering a unique opportunity for businesses to establish a presence.
How big are the multifamily properties available for sale in Castlegar?
The average size of multifamily properties available for sale in Castlegar is about 10,031 SF. The largest multifamily properties available to buy is 10,031 SF and the smallest is 10,031 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for multifamily properties in Castlegar?
The average market cap rate for multifamily properties for sale is about 5.36% based on data provided in Castlegar. Learn more about how cap rates are calculated.
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