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Jim Grieve
Phone: 250-832-7871
Fax: 250-832-7573
Mobile: 250-833-6312
Toll Free: 800-890-9166
Jordan Grieve
Phone: 250-832-7871
Fax: 250-832-7573
Mobile: 250-833-7812
Toll Free: 800-890-9166


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581 4 Avenue SE
Salmon Arm     $1,550,000.00

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General Description

Chequers 14 suite apartment building offers a great location with 8 spacious 2 bedroom suites and 6 one bedroom suites. Well maintained building with newer roof, newer windows and new hot water/boiler tank. Situated on .41 of an acre with lots of parking, this building shows an approx 5% Cap rate on asking price. Long term tenants with lower than market rents. Each suite has its own Hydro meter and electric baseboard heat. Features coin op laundry, storage lockers and a deck for each apartment. Great location with an easy walk to town all add to the value of this building. For more information contact Jim Grieve PREC* 250 833 6312 / or Jordan Grieve PREC* 250 833 7812 / or visit



Lot Information


Floor Area


Property Information

MLS® Number:10150352
Property Type:Multifamily
Title Held:Freehold
Title Form:Fee-Simple Non-Strata
Zone Code:R5
Tax Year:2017
Year Built:1968
Yr Built Desc:Approximate
Predominate Use:Residential
Lease Area:0
Sign Canopies:

Property & Building Details

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

Map to Property



Corner of 4th Avenue SE & 6th Street SE  

Legal Description

Lot A Plan 20043 Section 14 Township 20 Range 10 W6M KDYD


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