RT5 Commercial and Residence

Description

Introducing a stellar investment opportunity on the town’s main thoroughfare Route 5 – a multi-functional commercial building with a strong history and promising future.

Constructed in 1989, this property uniquely combines residential and commercial spaces, making it a rare find in the area.

The building consists of three distinct units: an expansive three-bedroom apartment occupying the entire second floor, a cozy one-bedroom apartment on the first floor, and a versatile commercial space, which previously operated successfully as a hair salon, also on the ground floor.

Having recently undergone minor renovations, the property has been converted to host full-time residential tenants across all units, secured until November 2025. This setup currently yields a lucrative 7% gross return, marking it as a sound investment in a prime Kutchan location along the bustling Route 5.

The flexibility to rent out all three units separately enhances the potential for a steady and diversified income stream. This property is not just a building; it’s an investment in one of Kutchan’s sought-after locations, known for its vibrant community and proximity to renowned ski resorts.

A noteworthy enhancement to this property is the inclusion of a dedicated space for two cars, complete with protective shutters. This feature offers the luxury of shielding vehicles from snow and other elements, a highly desirable amenity in Kutchan.