1451 Columbia Avenue, Castlegar
Available for sale is 1451 Columbia Avenue, located in Castlegar, BC, an exciting 7-unit value-add residential investment opportunity anchored by a long-standing complementary commercial tenant (Sun Life). Featuring 1 x 2-bedroom and 5 x 1-bedroom suites, all of which are paying substantially below market rents, the property is extremely well positioned for investors to leverage a stable income base and capitalize on exciting upside through increasing rents to market. Located with prominent exposure and direct access along Columbia Avenue with ample parking for all tenants, the Property sits immediately adjacent to No Frills, Dollarama, Tim Hortons, The Backeddy Pub, and Co-op Gas Bar. The property is centrally located between downtown and uptown, offering easy access to all of Castlegar’s retail, service and entertainment amenities. Public bus transit services are located within 100 metres, and Selkirk College is only a 7-minute drive away, while favourable C2 zoning further offers potential for both commercial or residential redevelopment. The Property’s stunning backyard further offers tenants rare views of the river and surrounding mountains. Castlegar represents one of the most significant growth stories in the BC Interior, with unprecedented construction, investment and new-to-market businesses such as Wendy’s and Anytime Fitness (within ~1km of the Property, respectively), driven by strong demographic fundamentals. Download the brochure at the link below for more info. (id:1945)
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Property details for 1451 Columbia Avenue, Castlegar
- Type
- Multi-family
- Living Area
- 3,667 square feet
- Lot Size
- 0.56
- Stories
- 2
- Heating
- Baseboard heaters, Forced air, Electric, See remarks
- Exterior
- Stucco
- Ownership
- Freehold
- Annual Taxes
- $6,301
Nearby Listings Stat
Estimated price and comparable properties near 1451 Columbia Avenue
Active Listings
68
Min Price
$39,900
Max Price
$2,200,000
Avg Price
$624,168
Days on Market
142
days
Sold Listings
13
Min Sold Price
$75,000
Max Sold Price
$949,900
Avg Sold Price
$488,477
Days until Sold
107
days
Neighbourhood Census Data
Castlegar, British Columbia / Colombie-Britannique
Population
726
Median Age
51.9
Median Income
$28,448
Dwelling Value
$250,827
Housing Tenure
Owners 70%
Renters 30%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2
Pop. Density: 244.7/km²
Avg Shelter Cost: $708/mo
Owners with Mortgage: 32.7%
Owners Spending 30%+: 8.3%
Tenants Spending 30%+: 57.1%
English only: 97.2%
English and French: 3.4%
Median Household Income: $49,792
Median Employment Income: $27,808
Price History
Listed
June 11, 2025
by Royal LePage Kelowna
Current Price
$949,900
Type
Multi-family
For Sale
