$1,000,000
1300 2ND AVENUE
Beds
—
Baths
—
Sqft
—
Year
1964
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Valemount. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Rare waterfront investment opportunity in the heart of the Rockies-Valemount BC! Cap rate of 10.21% is based on the four-year (2021–2024) average adjusted NOI. This 1-acre waterfront property sits directly on the bank of Swift Creek, where the Chinook salmon return to spawn each year. The property features 13 short term accommodation units: 7 double units and 6 single units. Recent upgrades include: new roof, all new siding and windows, fresh flooring in many units, low maintenance landscaping for standout curb appeal. Valemount is quickly becoming a premier year-round tourist destination. Just 25 minutes from Mount Robson, the area attracts thousands of visitors annually for hiking, mountain biking and sledding. With tourism growing year over year, now is the perfect time to invest in this thriving market. Seize this one-of-a-kind opportunity and do not miss your chance to own this unique waterfront investment property! (id:65958)
- Subtype
- Multi-family
- Living area
- 4,862 square feet
- Lot size
- 1.04 acres
- Lot dimensions
- 1.04
- On market
- Aug 27, 2025
- Status changed
- Apr 20, 2026
- Photos
- 28
- MLS#
- C8071759
- Area
- VALEMOUNT
Features and systems
Parking
Cash on cash
-6.55%
Cap rate
3.55%
GRM
16.7
Break-even rent
$6,149
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.