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1485 COLUMBIA AVENUE
South Castlegar British Columbia , V1N1H8 , Canada
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$1,400,000.00
MLS® 2476771
House
Floor Space (approx): 7045.00
Acreage: Yes
Remarks:
Download the brochure at the link below for more info. Offered is a share or asset sale of the Twin Rivers Motel, in Castlegar, BC - an exceptional investment and repositioning opportunity with tremendous upside. Featuring 15 motel suites complete with kitchenettes, 6 serviced RV pads including one detached mobile home, a manager's suite, and flexible C-2 (Highway Commercial) zoning, the property lends itself well to overnight, short-term, or long-term rentals. The property offers +200 feet of premium Columbia Avenue frontage, direct riverfront access with walking trails and valley views, and immediate adjacency to Tim Hortons, No Frills, Dollarama, and Barburrito, key attributes which collectively combine to support the motel's strong average occupancy of 70.8% for the 18 months ended Dec-2023. The property is centrally located along Castlegar's most dominant commercial node, with nearby hotel brands including Super 8, Sandman, Best Western, and Canada's Best Value. (id:7526)

Property Features:
  • Access Type: Easy access , Highway access
  • Amenities Nearby: Shopping , Park , Airport , Public Transit , Recreation Nearby , Highway , Schools , Stores
  • Community Features: High Traffic Area , Family Oriented
  • Features: Central location , Visual exposure , Flat site , Other , Level
  • OwnershipType: Freehold
  • Property Type: Other
  • Sewer: Sewer
  • Zoning Type: Commercial mixed use
Building Features:
  • Amenities: Storage - Locker
  • Heating Fuel: Electric

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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