231 Finlayson Street
Sicamous, British Columbia
MLS® 10383153
$1,855,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 10383153
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1970
1 / 90Listing description
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%.
Property summary
- MLS® number
- 10383153
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 6,949 sq ft
- Title
- Freehold
- Land size
- 0.76 acres
- Built in
- 1970
- Annual property taxes
- $8,242.00
- Parking
- 20 spaces
- Days on market
- 139 days
Features & details
- Heating
- Baseboard heaters
- Flooring
- Laminate, Vinyl
- Appliances
- Refrigerator, Range - Electric, Washer & Dryer
- Community features
- Rentals Allowed
- Architectural style
- Bungalow
What would this home cost you?
Based on the $1,855,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Homelife Salmon Arm Realty.Com, Salmon Arm.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.