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Jim Grieve
Phone: 250-832-7871
Fax: 250-832-7573
Mobile: 250-833-6312
Toll Free: 800-890-9166
Email: jdgrieve@shaw.ca
Jordan Grieve
Phone: 250-832-7871
Fax: 250-832-7573
Mobile: 250-833-7812
Toll Free: 800-890-9166
Email: jordangrieve@shaw.ca

 


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925 Riverside Avenue
Sicamous     $1,900,000.00

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General Description

GREAT INVESTMENT PROPERTY - 23 suite apartment in Sicamous with recent appraisal on file and approx $175,000 of annual income. Solid 20,872 sq ft building with concrete fire walls, torch on roof (2003), alarm systems and smoke detectors, with 15-one bedroom and 8 two bedroom suites. Sitting on 1.22 acres walking distance to beach and town with potential for future expansion, in an area with super low vacancy rates. Well maintained 2 storey building that has in ground pool (not in use), green space and lower than market rents. Fully rented with many long term tenants in place, all suites have been updated over the years, approximately 9 units have been fully upgraded with new laminate flooring, kitchens, and bathrooms. This is a quality residential investment with a solid return. For more information Jim Grieve PREC* 250-833-6312 jdgrieve@shaw.ca or Jordan Grieve PREC* 250-833-7812 jordangrieve@shaw.ca or visit www.jimgrievesalesteam.com

Parking

Total:0
 

Lot Information

Irregular:No
View:Mountain View

Floor Area

Gross Bldg Area:20872
 

Property Information

MLS® Number:10140814
Property Type:Multifamily
Title Held:Freehold
Title Form:Fee-Simple Non-Strata
Zone Code:R3
Taxes:14587.00
Tax Year:2016
Year Built:1978
Yr Built Desc:Approximate
Predominate Use:Residential
Floor:
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Lease Area:0
Sign Canopies:

Property & Building Details

Flooring:Flooring Mixed Water Supply:Municipal
FT Emps:0 Sewage:Sewer
PT Emps:0 Heat/Cool:
Access: Occupancy:
 

Map to Property

 
 

Directions

Sicamous  

Legal Description

Lot 20 District Lot 452 KDYD Plan 3547

 

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