Primary photo of 231 Finlayson Street, Sicamous
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Multi-Family For Sale

$1,900,000

MLS® Number: 10383153

Floor Area

6,949

Land Size

0.76

Year Built

1970

231 Finlayson Street, Sicamous, British Columbia

About This Property

This well maintained 10-unit multi-family residential complex is ideally located within walking distance to Sicamous Town Beach, offering a rare investment opportunity with strong revenue potential and a welcoming community atmosphere. Comprised of six detached buildings, the property features a diverse mix of 1-, 2-, and 3-bedroom units, each with its own individual hydro meter. Significant updates have already been completed, including newer windows and doors, with more than half of the units partially or fully renovated—providing a turnkey opportunity for investors. The complex includes a thoughtfully converted former retail building now housing four bright, modern units with clean, white interiors. In addition, five separate freestanding homes offer six more rental units, each with its own unique character and private outdoor space. Tenants benefit from shared access to a generously sized storage shed and ample on-site parking. This is an exceptional opportunity to acquire a versatile, income-generating property in a desirable location. Cap Rate on list price is 7.3%.

Property Details

Interior Details

Appliances

Refrigerator, Range - Electric, Washer & Dryer

Bathrooms Partial

0

Flooring

Laminate, Vinyl

Heating

Baseboard heaters

Living Area

6949 sqft

Building & Exterior

Architectural Style

Bungalow

Stories

1.0

Year Built

1970

Land & Location

City Region

Sicamous

Community Features

Rentals Allowed

Lot Size Area

0.76 acres

Lot Size Dimensions

0.76

Parcel Number

003-424-791

Postal Code

V0E2V1

Listing & Financials

Listing Office

Homelife Salmon Arm Realty.Com

Originating System Name

Association of Interior REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Parking Total

20

Security Features

Smoke Detector Only

Mortgage Calculator

20% ($380,000)
5.5%
25 Years

Estimated Monthly Payment

$9,334

Principal and interest only. Actual rates may vary.

Location & Map

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