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Sicamous Village

$ 679,900

231 Finlayson Street,

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Property Id : 20688
Price: $ 679,900
Property Lot Size: 0.76 ac
Year Built: 1970
Units: 9
PID: 003-424-791
Assessed Value: $646,000 (2019)
Zoning: C-1
Cap Rate: 5.1

About this property

Sicamous Village is a beautifully maintained, low maintenance, 9-unit rental complex. The complex is comprised of 6 separate buildings that span a large 33,105 sf L-shaped lot in the heart of the town centre; conveniently located just steps from Mara Lake “the Gateway to the Shuswap.” The property has been under the same ownership for almost 40 years and has seen consistent capital improvements throughout that time. Rents are currently under market value by at least 29% which provides investors a tremendous opportunity to increase revenues immediately upon tenant turnover. Numerous upgrades, a central location, reliable tenants and a stable cash flow make this a perfect investment in a beautiful Shuswap community.

Amenities and Features

Surface Parking
Central Location
W/D in Units
Storage in Unit
Cable and Internet Included


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