Kootenay River Mobile Home Park is a rare 19-pad, fully tenant-owned manufactured home community ideally situated along the Kootenay River in Castlegar, BC. Set on 2.77 acres of flat, scenic waterfront land, the park includes 8 prime riverfront pads and 11 interior sites, each serviced with 100A electrical, a private sewer treatment system, and a reliable well with a 30 gpm pump replaced approximately three years ago. The property has been fully leased for over two decades with long-term tenant ownership, offering exceptional stability and minimal management requirements. With current pad rents below market and potential to add 2-3 additional pads, the park presents secure income with meaningful upside. Its location just three minutes from downtown Castlegar provides excellent access to amenities, BC Transit bus routes (~125 metres from the property line), and key regional employers including Teck Metals, Mercer Celgar, and Selkirk College. The surrounding area continues to experience strong demand for affordable and stable housing, particularly from retirees and young working families, while supply remains limited. With its strong income base, expansion potential, and desirable waterfront setting, 651 Rosedale Road offers investors an attractive combination of stability, low maintenance, and long-term growth potential in the heart of the West Kootenays. (id:4069)
Address
651 Rosedale Road
List Price
$1,791,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Castlegar
Lot Size
2.77 Sq. Ft.
Year Built
1980
MLS® Number
10367206
Listing Brokerage
Royal LePage Kelowna
Postal Code
V1N4L2
Site Influences
Waterfront, View
