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3643 Malakwa Road
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3643 Malakwa Road $1,499,000
$1,499,000
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3643 Malakwa Road
Malakwa, British Columbia V0E2J0

MLS® Number: 10335988

Listing Description

Incredible investment opportunity, sitting on 21.795 acres of riverfront land to the northeast of Sicamous, adjacent to Highway 1 (Trans Canada Highway). This offering includes a gas station with high visibility (leased to September 2031), an equipped restaurant (currently vacant), 6 modular homes (currently rented), a structure with a rental both up and down, RV stalls, significant frontage onto Eagle River, and a freehold interest across the river where it bisects the property (Private island... helicopter landing spot? Private fishing? Etc). Water to the property, and rentals, is supplied by a well with adequate filtration (as required by Interior Health). As it currently stands, the property produces excellent cash flow even without the restaurant being leased. With full utilization of the property and natural tenant turnover, this property has tremendous upside. Add in the large land size, and large river frontage with a wonderful beach, this is a once-in-a-lifetime holding property. Please inquire about a financial package of the property, which will include a financial summary. (38268084)

Property Summary

Property Type
Retail
Building Type
Retail
Neighbourhood Name
Sicamous
Title
Freehold
Land Size
21.75 ac|10 - 50 acres
Time on REALTOR.ca
70 days

Price and Sale History

Date Status Price
Jan 3, 2012 Sale Closed $260,000
Mar 31, 2006 Sale Closed $989,000

Building

Bathrooms
Partial
0
Utilities
Utility Type
Electricity (Available)
Utility Sewer
Septic tank
Water
Well

Measurements

Square Footage
5200 sqft

Land

Other Property Information
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
Scott Marshall