C$844,000

Income-generating property on one of the last downtown riverfront lots available for development. This home is currently rented for $2,200 per month, with the tenants responsible for their own utilities. The tenancy is fixed until May 2027. The property sits on one of Revelstoke’s most desirable potential development lots, offering breathtaking 180-degree views of the Columbia River Valley, Mount Begbie, and the Monashee Mountains. The 11,044 sq. ft. lot is located just minutes from downtown while still providing a private river-bluff setting. Needham Drive is a private access road serving only two homes. A private path leads from the property to a scenic, flat waterfront beach area. The existing rancher is basic but provides steady rental income, while the lot offers excellent potential. (id:41202)