NEWLY CONSTRUCTED MIXED-USE STRATA INVESTMENT OR OWNER-USER OPPORTUNITY

495 COLUMBIA AVENUE | CASTLEGAR BC

1,400,000

For Sale

1,400,000

For Sale

The Opportunity

RLK Commercial is pleased to present the opportunity to acquire a newly constructed mixed-use strata building prominently located along Columbia Avenue in the heart of Castlegar, BC. Built in 2017, the property includes one professionally improved commercial strata unit (also available separately) on the main floor with a finished basement, along with two modern 2-bedroom residential units on the second floor.

The commercial space is fully built out for office or retail use and includes several private offices, a boardroom, kitchen, washroom, and flexible basement area, with the ability to lease portions independently to maximize income potential. The space benefits from 9’0 ceilings, modern finishes, and excellent frontage along Columbia Avenue.

The upper residential units feature dedicated covered parking, exclusive patios, ample storage, and access to a full backyard and garden area — a rare offering within comparable multifamily properties. Additional upside exists through the potential conversion of the front lawn area into approximately 5–6 additional parking stalls, further enhancing tenant utility and long-term revenue potential


Location Overview

Castlegar is a growing West Kootenay community strategically located along Highway 3 between Nelson and Trail at the confluence of the Columbia and Kootenay Rivers. The city supports a diversified economy anchored by Selkirk College, Teck Metals, Mercer Celgar, Kalesnikoff, and a strong regional healthcare network. Castlegar continues to benefit from relative housing affordability, outdoor recreation, and sustained population growth. Recent investment activity includes major employers and retailers such as Wendy’s and Anytime Fitness, Kalesnikoff’s $30 million mass timber manufacturing facility, Selkirk College’s 112-bed student housing project, and more than 170 housing units either completed or under way.

Over the past five years, Castlegar has attracted substantial investment across manufacturing, education, and housing sectors. Major projects include Kalesnikoff’s modular mass timber facility, Selkirk College’s $26.6 million student housing development, and multiple affordable housing projects supported by BC Housing and community partners. Publicly disclosed investments exceed $66 million, with total investment likely surpassing $100 million once additional funded housing developments are included. The continued pace of investment reflects growing economic diversification, employment growth, and increasing demand for residential and commercial real estate.


Property Details

Address:

495 COLUMBIA AVENUE | CASTLEGAR BC

# of Units:

3

Zoning:

C-1

Year Built:

2017

Brochure

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Presented By

Tristan Chart PREC*

250-777-7493

Email Tristan Chart PREC*

tristan@tristanchartcommercial.com


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Location Overview

Castlegar is a growing West Kootenay community strategically located along Highway 3 between Nelson and Trail at the confluence of the Columbia and Kootenay Rivers. The city supports a diversified economy anchored by Selkirk College, Teck Metals, Mercer Celgar, Kalesnikoff, and a strong regional healthcare network. Castlegar continues to benefit from relative housing affordability, outdoor recreation, and sustained population growth. Recent investment activity includes major employers and retailers such as Wendy’s and Anytime Fitness, Kalesnikoff’s $30 million mass timber manufacturing facility, Selkirk College’s 112-bed student housing project, and more than 170 housing units either completed or under way.

Over the past five years, Castlegar has attracted substantial investment across manufacturing, education, and housing sectors. Major projects include Kalesnikoff’s modular mass timber facility, Selkirk College’s $26.6 million student housing development, and multiple affordable housing projects supported by BC Housing and community partners. Publicly disclosed investments exceed $66 million, with total investment likely surpassing $100 million once additional funded housing developments are included. The continued pace of investment reflects growing economic diversification, employment growth, and increasing demand for residential and commercial real estate.