- Active
198 Columbia Avenue
Castlegar · Other
- Sqft
- 2,068
Listed by RE/MAX All Pro Realty · MLS® 10398225
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Sign inAbout this home
A rare opportunity to own a piece of Castlegar history with exciting commercial and residential potential! Formerly home to the well-known Hi-Lite Chinese Food Restaurant, this property offers approximately 1,930 sq. ft. of main-level commercial space along with two residential apartments—one 1-bedroom and one 2-bedroom. The main level is approximately 50% renovated and was designed for a Japanese restaurant concept. Architectural and engineering plans are included, providing a valuable head start for the next owner. Existing restaurant improvements include new electrical, plumbing, drywall, a brand-new commercial cooler, large hood fan, bar, beer fridges and other restaurant infrastructure. The two apartments could use some renovation or refreshing but offer excellent potential for additional rental income, owner occupancy, or staff accommodation. Bring your vision and complete the transformation into a sushi/Japanese restaurant, cafe, pub, or other food-service concept, or explore the many possibilities this versatile property offers. Commercial space plus two residential units creates an excellent opportunity for an owner-operator or investor. A unique property with a long history in the community and plenty of potential for its next chapter.
Home facts
- Interior
- 2,068 sq ft
- Property type
- Other
- Area
- North Castlegar
- Listed
- August 21, 2026
- Structure
- Residential Commercial Mix
- PID
- 010-106-073
- Common interest
- Freehold
Features and inclusions
- Heating
- Forced air, See remarks
- Parking
- Street, Additional Parking
- Community
- High Traffic Area
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $4,029
- Property tax
- $250/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $4,429
Purchase snapshot
- List price
- $850,000
- Down payment
- $170,000 (20%)
- Estimated mortgage
- $680,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $5,464
- At 6.4282 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 39%