502 11th Avenue

Description

Exceptional 1.48-acre, fully zoned multi-family development opportunity at 502 11th Avenue in Castlegar. The current February 2026 design contemplates a 68-unit residential development, with City Council approvals including a six-storey building variance and reduced parking ratio of 1.16 stalls per unit. Significant pre-development work has already been completed, providing a meaningful head start toward development. Supporting materials include geotechnical testing, traffic review, survey and topographic work, preliminary civil engineering for servicing, grading, drainage and utilities, architectural site plans, elevations and floor plans, and preliminary landscaping plans. Ideally positioned on the edge of Castlegar’s downtown core within an established residential neighbourhood, the property is close to grocery, shopping, schools, parks, recreation and healthcare, with convenient access to Highways 3 and 22, the West Kootenay Regional Airport and Selkirk College. The proposed suite mix ranges from bachelor to two-bedroom-plus-den units, including 30 two-bedroom or two-bedroom-plus-den homes. A compelling opportunity to advance a well-developed residential project in one of the West Kootenay’s tightest housing markets. (id:63159)

Property Details

Annual property tax

$3,531.2

Brokerage

Royal LePage Kelowna

Location Insights

Population

8,338

(2021 Census)

+3.7% since 2016

Density

419.6/km²

Dwellings

3,702

Median household income

$81,000

After-tax

$73,000

Immigrant population

8.6%

Top countries of origin

• United Kingdom1.9% · 155
• United States of America1.1% · 95
• Portugal0.7% · 55
• Italy0.5% · 40
• India0.4% · 35
• Jamaica0.4% · 30
• Philippines0.4% · 30
• Russian Federation0.3% · 25

Source: Statistics Canada, 2021 Census of Population.

Weather

24°C

Partly Cloudy

Humidity 40%

Wind SSW 19 km/h

Today

26°

Tonight

11°

Thursday

23°

Thursday night

8°

Friday

22°

Friday night

10°

Source: Environment and Climate Change Canada.