This multi-award winning property stands as both a cultural landmark and high-performing investment in Revelstoke's booming downtown core. Its 11,000+ sq/ft space generates exceptional cash flow, with: • Profitability: Six figures with room to grow. • Stable Tenant Mix: 8 long-term leases (up to 15 years) • Tenant Retention: 3 renewals demonstrating exceptional occupancy satisfaction • Unique Value-Add Opportunity - The Heritage Revitalization Agreement (HRA) permits a fourth-floor addition (>3,500 sq/ft) • Future-proofing as commercial demand outpaces supply The property's irreplaceable location, combined with its diversified income streams and institutional-grade tenancies, creates a rare ""set-and-forget"" investment with appreciation upside in Canada's fastest-growing mountain resort market. Originally constructed in 1914 as a school, Mountain View served the community for nearly a century! In 2017, an award-winning renovation—led by a distinguished team including a Professor of Historic Architecture, architects, engineers, and code consultants—breathed new life into this iconic property. Rarely does a property of such grandeur and historical significance become available in Western Canada—let alone within a world-class international ski destination. Mountain View is truly the crown jewel of Revelstoke’s real estate, offering unmatched prestige and functionality. (id:44056)

Property Details

Full Address:
616 Third Street W, Revelstoke, British Columbia
Price:
$ 5,045,300
MLS Number:
10352878
List Date:
July 30th, 2026
Lot Size:
0.42 ac
Year Built:
1914

Interior Features

Heating:
Other

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Tar & gravel, Unknown
Garage:
Additional Parking
Garage Spaces:
15
Ownership Type:
Freehold

Floors

Finished Area:
11250 sq.ft.

Land

Lot Size:
0.42 ac
Current Use:
Mixed use

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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