Castlegar · V1N1V6
$4,332/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
Book now
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.
2,068 ft²
Floor area
Other
Type
North Castlegar
Area
Listed
August 21, 2026
Nearby & Commute
11 min
walk to Kootenay Market
2h 23m
bike to Columbia Gardens
7h 55m
walk to Columbia Gardens
15h 48m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 39%
| Detached | 22 | 39.3% |
| Land | 18 | 32.1% |
| Other | 8 | 14.3% |
| Mobile home | 4 | 7.1% |
| Multi-family | 3 | 5.4% |
| Other | 1 | 1.8% |
| $15,000 to $19,999 | 5 | 2.4% |
| $20,000 to $24,999 | 10 | 4.9% |
| $30,000 to $34,999 | 20 | 9.8% |
| $35,000 to $39,999 | 15 | 7.3% |
| $40,000 to $44,999 | 10 | 4.9% |
| $45,000 to $49,999 | 15 | 7.3% |
| $50,000 to $59,999 | 25 | 12.2% |
| $60,000 to $69,999 | 15 | 7.3% |
| $70,000 to $79,999 | 10 | 4.9% |
| $80,000 to $89,999 | 10 | 4.9% |
| $90,000 to $99,999 | 10 | 4.9% |
| $100,000 to $124,999 | 25 | 12.2% |
| $125,000 to $149,999 | 15 | 7.3% |
| $150,000 to $199,999 | 15 | 7.3% |
| $200,000 and over | 5 | 2.4% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$4,332
Principal and interest
Calculated estimate
$3,932
Property tax
Calculated estimate
$250/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$850,000
Down payment
Calculated estimate
$170,000 (20%)
Estimated mortgage
Calculated estimate
$680,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$4,332
/mo
Rate
%
Amortization
Principal and interest
$3,932
Property tax (est.)
$250
P&I
Tax
Down payment
$170,000 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $170,000 down (20%) on $850,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
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.
At 6.0283 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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
