For Sale · Specialty

244 E Avenue, Kaslo

244 E Avenue, Kaslo, BC V0G1M0

$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

About this property

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)

Financial sandbox

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Estimate
Purchase price$825K
Down payment30% · $248K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 244 E Avenue, Kaslo.

NDA required
  • 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.