$1,900,000
231 Finlayson Street
Beds
—
Baths
—
Sqft
—
Year
1970
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
This well maintained 10-unit multi-family residential complex is ideally located within walking distance to Sicamous Town Beach, offering a rare investment opportunity with strong revenue potential and a welcoming community atmosphere. Comprised of six detached buildings, the property features a diverse mix of 1-, 2-, and 3-bedroom units, each with its own individual hydro meter. Significant updates have already been completed, including newer windows and doors, with more than half of the units partially or fully renovated—providing a turnkey opportunity for investors. The complex includes a thoughtfully converted former retail building now housing four bright, modern units with clean, white interiors. In addition, five separate freestanding homes offer six more rental units, each with its own unique character and private outdoor space. Tenants benefit from shared access to a generously sized storage shed and ample on-site parking. This is an exceptional opportunity to acquire a versatile, income-generating property in a desirable location. Cap Rate on list price is 7.3%. (id:65958)
- Subtype
- Multi-family
- Architectural style
- Bungalow
- Structure
- Multi-Family
- Community
- Sicamous
- Common interest
- Freehold
- Living area
- 6,949 square feet
- Lot size
- 0.76 acres
- Lot dimensions
- 0.76
- Parking
- 20 total
- Stories
- 1
- On market
- Apr 13, 2026
- Status changed
- Apr 13, 2026
- Annual tax
- $8,242
- Photos
- 87
- MLS#
- 10383153
- Area
- SICAMOUS
Features and systems
Appliances
Heating
Flooring
Roof
Community
Security
Cash on cash
-11.45%
Cap rate
3.60%
GRM
16.7
Break-even rent
$13,317
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: 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.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sicamous. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
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 13, 2026.