Salehian.com 647-325-5000

616 Third Street W

Revelstoke, Revelstoke, BC, V1E0B4

Listed by Real Broker B.C. Ltd

$5,045,300

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  • 15 parking
  • 11250 sq ft

Listed 83 days ago · MLS® 10352878

About this home

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:66966)

Details

Type
Other
Size
11250 sq ft
Neighbourhood
Revelstoke
Municipality
Revelstoke

Interior

Fireplace
No

Heating, cooling and services

Water and sewer
Municipal sewage system

Building and exterior

Year built
1914
Roof
Tar & gravel

Parking

Total parking
15
Driveway and parking
Additional Parking

Location

Location is approximate. See nearby homes on the map

Listed by Real Broker B.C. Ltd.

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