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$825,000 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
99%
Lot Size
0.94 ac
Investment opportunity awaits at Lakeview Mobile Home Park located at 244 E Ave! This .95-acre property currently features seven rental pads with long-term tenants providing steady monthly income, plus an additional pad that is currently vacant and offers potential for future income. The property also includes a 2-bedroom, 1-bathroom home that currently generates rental income but could also be used as a comfortable residence for the new owner. The property has seen several important updates and improvements, including new water lines throughout the property completed in 2021, electrical updates throughout the park, and tree removal. There are also two septic tanks serving the property that are regularly maintained and were recently emptied in 2025. Located in desirable lower Kaslo, the property is just a few blocks from downtown shopping and only half a block from the Kaslo River. Kootenay Lake is approximately a block away, with Vimy Park located at the end of the street. With a central location, multiple income-producing rental pads, an additional vacant pad, and a home that could either generate income or serve as an owner's residence, this property offers a unique combination of cash flow and long-term potential. Whether you're an investor looking to expand your portfolio or someone looking for a home with built-in rental income, 244 E Ave presents an excellent opportunity with plenty of potential. (id:66811)
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Monthly debt service
$4K
Projected NOI
$63K
Annual cash flow
$17K
Cash-on-cash
6.85%
DSCR
1.37
Going-in cap
7.60%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
118,818
Households
48,651
Median income
$69,000
Median age
36.4
Daytime population
171,946
5-yr growth
2.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 244 E Avenue, Kaslo.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.