3643 Malakwa Road
Malakwa, British Columbia
MLS® 10381503
$1,289,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 10381503
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2001
1 / 40Listing description
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.
Property summary
- MLS® number
- 10381503
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 5,200 sq ft
- Title
- Freehold
- Land size
- 21.75 acres
- Built in
- 2001
- Annual property taxes
- $3,070.90
- Days on market
- 169 days
Features & details
- Heating
- See remarks
- Cooling
- See Remarks
- Waterfront
- Waterfront on river
What would this home cost you?
Based on the $1,289,000 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 Sotheby's International Realty Canada, Kelowna.
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.