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409 Main Street -

7 Units for sale in Quest View Apartments in Sicamous! 7 of the 18 units in Questview are for sale plus there's a unique opportunity with the property. The land between the building and Main Street, which was the septic system before the property hooked up to city sewer, might have subdivision potential w/approval of Strata & the District of Sicamous - OCP Towne Centre Commerical. The subdivison & sale would further seed the strata's reserve fund & the newly formed lot allows for commerical uses that 'encourage downtown vibrancy". There is a mix of 1 &2 bedroom suites on all levels plus 1 bachelor suite. Hot water heated (by propane) the boiler was replaced in about 2012 as were the hot water tanks. The laundry room has been updated with new coin operatied machines & the common hallways with new carpet. The roofs over the front and back entrances have been redone as well.  All units are occupied with a mix of annual & month to month leases & 302 is now vacant.For a copy of the zoning, Cap Rate Analysis, breakdown of rental rates, strata fees & property taxes for each unit, survey, minutes, bylaws and financials, please contact the Listing Agent Paige Gregson at Century 21 at 250-308-2928.

Property Details

  • ID: 10167720
  • Year Built: 1978
  • New Construction: No
  • Neighbourhood: Sicamous
  • Property ID: 101355391
  • Status: Active
  • Lot Area: 1.00 Acres
  • Style: Commercial
  • Storeys: 3
  • Estimated Annual Taxes: $4,288

Features

Classification 5-12 units condominium
Construction Concrete
Court Ordered Sale Y/N No
Description of Year Built Approximate
Division Shuswap / Revelstoke
Exterior Finish Stucco, Aluminum
Financial Statement Available From Listing Broker
FractionalInterest Y/N No
Heat Controls Y/N No
Heating Radiators (Steam/Water)
Heating Fuel Propane
Indian Reserve Y/N No
Information Package Available Y/N Yes
Investment Analysis Available Y/N Yes
Onsite Package Available Y/N Yes
Other Zoning Code - R-3, Total Monthly Income - 5800.00, Tax Year - 2017, Supplements Count - 8, Reserved Parking Spaces - 8, Possession - Negotiable, Parking Spaces Count - 0, Frontage - 100.00, Depth - 437.00, Complex - Quest View Apartments, Capitalization Rate - 4.60, Acres - 1.000
Predominate Use Residential
Roof Tar and Gravel
Seller Disclosures Y/N No
Sellers Interest in Title Fee Simple
SEWAGE DISPOSAL Sewer
Survey Certificate Available Y/N Yes
Tax Assessment Status Assessed
Title Form Strata
Title Held Freehold
Transaction Type For Sale
Water supply Municipal
Zoning Residential-Medium Density
Zoning Subtype Low rise apartment
Zoning Type Residential-Medium Density
Listed By Paige Gregson of CENTURY 21 Executives Realty Ltd.