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$ 5,045,300
Est. payment /mo
New
616 Third Street W Revelstoke, BC V1E0B4
11,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 11250
Square Footage 11,250 sqft
Price per Sqft $448
Subdivision Revelstoke
MLS® Listing ID 10352878
Year Built 1914
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Freehold
Property Description
This multi-award winning property stands as both a cultural landmark and high-performing investment in Revelstoke's booming downtown core. Its 11,000+ sq/ft space generates exceptional cash flow, with: • Profitability: Six figures with room to grow. • Stable Tenant Mix: 8 long-term leases (up to 15 years) • Tenant Retention: 3 renewals demonstrating exceptional occupancy satisfaction • Unique Value-Add Opportunity - The Heritage Revitalization Agreement (HRA) permits a fourth-floor addition (>3,500 sq/ft) • Future-proofing as commercial demand outpaces supply The property's irreplaceable location, combined with its diversified income streams and institutional-grade tenancies, creates a rare ""set-and-forget"" investment with appreciation upside in Canada's fastest-growing mountain resort market. Originally constructed in 1914 as a school, Mountain View served the community for nearly a century! In 2017, an award-winning renovation—led by a distinguished team including a Professor of Historic Architecture, architects, engineers, and code consultants—breathed new life into this iconic property. Rarely does a property of such grandeur and historical significance become available in Western Canada—let alone within a world-class international ski destination. Mountain View is truly the crown jewel of Revelstoke's real estate, offering unmatched prestige and functionality. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features Yes
View Y/N No
Roof Type Unknown
Attached Garage No
Total Parking Spaces 15
Garage Yes
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://www.youtube.com/watch?v=4SqW5TCn4eU
Listed by Real Broker B.C. Ltd