About this home

A premier investment opportunity awaits with this high-visibility retail unit at 331 Columbia Avenue, a substantial 4,080 sq ft main floor commercial space with a full basement in prime downtown Castlegar, BC. Strategically located on Columbia Avenue — one of the busiest and most visible corridors in Castlegar — this landmark property guarantees strong exposure to both high vehicle and pedestrian traffic. This well-maintained building is in excellent condition and requires nothing. It is fully leased to Lasca Natural Company, a stable long-term tenant, providing immediate and reliable cash flow with built-in annual rent increases. 4,080 sq ft main floor retail + full basement Prime frontage with excellent exposure and laneway loading access Turn-key operation in a strong downtown location surrounded by national and local tenants This turn-key commercial unit offers a unique chance to acquire a strategic, high-visibility asset with robust income and long-term stability in the heart of the Kootenays. Secure this vital piece of Castlegar’s commercial landscape!

Home facts

Property type: Other
Area: North Castlegar
Listed: June 11, 2026
Structure: Other
PID: 014-911-108

Features and inclusions

Heating: Forced air, Other
Lot: Level lot, Corner Site
Community: Family Oriented, High Traffic Area

Rooms and building

Sewer: Municipal sewage system
Water: Municipal water

Listed by 2 Percent Realty Kootenay Inc. Last updated Jun 11, 2026, 8:35 PM.

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: $3,318
Property tax: $208/mo
Home insurance: $150/mo
Estimated monthly total: $3,676

Purchase snapshot

List price: $700,000
Down payment: $140,000 (20%)
Estimated mortgage: $560,000

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

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

Estimated annual tax: $4,500; 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

For investors

As a rental

Estimated rent: $1,120 a month
Gross yield: 1.9%

Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.

Rent vs mortgage at $1,120

Neighbourhood

Open the map

Walk to Kootenay Market7 min

Bike to Columbia Gardens2h 22m

Walk to Columbia Gardens7h 52m

Drive to downtown Vancouver15h 48m

Estimated travel times. Map data © OpenStreetMap contributors.

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%

Who lives here

About this home