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Legal suite

$675,000

714 12TH Street

Save this home

Beds

Baths

Sqft

Year

1961

Type

Other

Suite

Legal suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Castlegar. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Own Your Home, Separate Business Location in front, and A Mortgage Helper Suite all in one property! It is rare it is to find a property that checks all the boxes for both homeowners seeking a mortgage helper, savvy investors looking for a turn-key income property, and someone who wants a house with a business space. This exceptional home features a fully legal and conforming secondary suite with complete separation of utilities, true fire separation, and separate electrical meters—offering peace of mind and flexibility. The main unit is all on one level, and both units are bright and spacious with large windows, modern updates including refreshed kitchens, bathrooms, flooring, appliances, and window treatments. Unit 1 (the owner's suite) is a 1468 ft2 2-bedroom plus flex room with 1 1/2 baths, while Unit 2 (legal suite) offers 1050 ft2, 3 bedrooms and one bath. The home is mechanically sound, boasting updated electrical, plumbing, roof, drain tile, doors, lighting, and ventilation throughout, the garage roof deck railings have been recently painted, both units have new washer/dryers and Unit #2 has a new refrigerator as well as a fresh coat of paint from recent tenant turnover. Outdoors, enjoy multiple patios and fenced private yards. The oversized attached garage/workshop, in addition to the attached single garage, offers exciting potential for a third suite or a business frontage thanks to favorable zoning and existing structure. Call your REALTOR(R) today to book a private showing. (id:65958)

Subtype
Other
Structure
Residential Commercial Mix
Community
North Castlegar
Living area
2,518 square feet
Lot size
0.64 acres
Lot dimensions
0.64
Parking
8 total
On market
Jun 26, 2025
Status changed
Apr 24, 2026
Annual tax
$3,526
Photos
55
MLS#
10353750
Area
CASTLEGAR

Features and systems

Parking

Attached GarageSee Remarks

Heating

Baseboard heaters

Exterior

Stucco

Roof

Asphalt shingleTar & gravelUnknown

Lot

Corner Site
Negative cash flow ~$122/mo at these assumptions

Cash on cash

-1.08%

Cap rate

4.65%

GRM

13.9

Break-even rent

$4,178

Financing

Down payment$135,000
Loan amount$540,000
Mortgage$2,736/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$309
Insurance$80
Maintenance$563
CapEx reserve$281
Vacancy loss$203

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

Estimated $2,736/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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