$ 850,000

198 Columbia Avenue, Castlegar

A rare opportunity to own a piece of Castlegar history with exciting commercial and residential potential! Formerly home to the well-known Hi-Lite Chinese Food Restaurant, this property offers approximately 1,930 sq. ft. of main-level commercial space along with two residential apartments—one 1-bedroom and one 2-bedroom. The main level is approximately 50% renovated and was designed for a Japanese restaurant concept. Architectural and engineering plans are included, providing a valuable head start for the next owner. Existing restaurant improvements include new electrical, plumbing, drywall, a brand-new commercial cooler, large hood fan, bar, beer fridges and other restaurant infrastructure. The two apartments could use some renovation or refreshing but offer excellent potential for additional rental income, owner occupancy, or staff accommodation. Bring your vision and complete the transformation into a sushi/Japanese restaurant, cafe, pub, or other food-service concept, or explore the many possibilities this versatile property offers. Commercial space plus two residential units creates an excellent opportunity for an owner-operator or investor. A unique property with a long history in the community and plenty of potential for its next chapter. (id:1945)
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Property details for 198 Columbia Avenue, Castlegar

Type
Commercial
Living Area
2,068 square feet
Lot Size
0.22
Parking
Street, Additional Parking
Heating
Forced air, See remarks
Exterior
Stucco
Ownership
Freehold
Annual Taxes
$7,082

Nearby Listings Stat

Estimated price and comparable properties near 198 Columbia Avenue

Active Listings
52
Min Price
$139,900
Max Price
$2,795,000
Avg Price
$614,512
Days on Market
152
days
Sold Listings
6
Min Sold Price
$99,900
Max Sold Price
$517,000
Avg Sold Price
$317,450
Days until Sold
120
days

Neighbourhood Census Data

Castlegar, British Columbia / Colombie-Britannique

Population
453
Median Age
39.4
Median Income
$28,565
Dwelling Value
$234,622

Housing Tenure

Owners 72%
Renters 28%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.2
Pop. Density: 117.6/km²
Avg Shelter Cost: $993/mo
Owners with Mortgage: 67.7%
Owners Spending 30%+: 16.1%
Tenants Spending 30%+: 58.3%
English only: 93.3%
English and French: 5.6%
Neither: 1.1%
Median Household Income: $52,480
Median Employment Income: $23,488

Price History

Listed
August 21, 2026
by RE/MAX All Pro Realty
Current Price
$850,000
Type
Commercial
For Sale
198 Columbia Avenue

Contact Agent Get in touch about 198 Columbia Avenue, Castlegar

Raquel Green
Raquel Green
RE/MAX All Pro Realty