1300 2nd Avenue

Valemount, BC V0E2Z0

About this property

Rare waterfront investment opportunity in the heart of the Rockies-Valemount BC! Cap rate of 10.21% is based on the four-year (2021-2024) average adjusted NOI. This 1-acre waterfront property sits directly on the bank of Swift Creek, where the Chinook salmon return to spawn each year. The property features 13 short term accommodation units: 7 double units and 6 single units. Recent upgrades include: new roof, all new siding and windows, fresh flooring in many units, low maintenance landscaping for standout curb appeal. Valemount is quickly becoming a premier year-round tourist destination. Just 25 minutes from Mount Robson, the area attracts thousands of visitors annually for hiking, mountain biking and sledding. With tourism growing year over year, now is the perfect time to invest in this thriving market. Seize this one-of-a-kind opportunity and do not miss your chance to own this unique waterfront investment property! (id:13843)

About this property

Rare waterfront investment opportunity in the heart of the Rockies-Valemount BC! Cap rate of 10.21% is based on the four-year (2021-2024) average adjusted NOI. This 1-acre waterfront property sits directly on the bank of Swift Creek, where the Chinook salmon return to spawn each year. The property features 13 short term accommodation units: 7 double units and 6 single units. Recent upgrades include: new roof, all new siding and windows, fresh flooring in many units, low maintenance landscaping for standout curb appeal. Valemount is quickly becoming a premier year-round tourist destination. Just 25 minutes from Mount Robson, the area attracts thousands of visitors annually for hiking, mountain biking and sledding. With tourism growing year over year, now is the perfect time to invest in this thriving market. Seize this one-of-a-kind opportunity and do not miss your chance to own this unique waterfront investment property! (id:13843)

Features and Additional Information

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$1,000,000 Active
4,862 sqft

Presented By Lindsay Barlow, Sales Representative,Représentant immobilier,Broker,Courtier,Manager

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Get in touch today! Phone: 1-905-655-3300
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Royal LePage Downtown Realty
1-250-545-5371
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Area Information

| County |

$ 1,000,000
This listing is play_arrow 124.7% higher than the average in the area
$ 445,000 in the area
4,862 SqFt
This listing is play_arrow 18.5% smaller than the average in the area
5,963 SqFt in the area
$ 206 $/SqFt
This listing is play_arrow 175.6% more than the average in the area
$ 75 $/SqFt in the area
360 days on site
This listing is play_arrow 7100.0% above the average in the area
5 days on site in the area

Schools in the Area

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Listed By Sherri Malone
Brokerage: Royal LePage Downtown Realty

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