302/304 First Street - Commercial/Residential Property Zoned C1, 0.14 acres
This unique side-by-side investment property is within three blocks of all Revelstoke down-town amenities. One building is currently a residence, while the other is a restaurant. (Originally built in 1929 as a family bakery for the homeowners)
The house, at 304 1st St. West, built pre-1900, has undergone extensive improvements and been meticulously maintained. With 9’ ceilings in the great room, solid wood flooring and wood accents throughout, bathroom with laundry, two spacious rooms upstairs, roof access, peaked galvanized metal roofing, and sheathed with cedar siding. This gem has been the owner’s home for nearly 30 years. The residence could continue in this vein or operate as a charming short or long-term rental to give you that extra income.
The adjoining single-story restaurant contains a sizable and accessible seating area with an efficient round-about commercial kitchen protected by a fire-suppression range hood, two washrooms and great curb appeal for the high-volume walk-by traffic on one of Revelstoke’s main retail streets. Featuring a classic tin ceiling, panoramic front windows and a colourful exterior living-wall, also clad with cedar siding, and a torch-on sloped roof, the space is visually appealing.
The four-quadrant basement, with an additional 472 sq.ft. under the house, has an electric furnace (with connected heat pump) for the restaurant. Another room contains the propane furnace, on-demand water heater with storage tank, for the residence. This room is easily convertible to a drying room for your winter gear. The other two rooms are usable for a workshop and additional storage.
Zoned C1, this double lot with 36’ frontage, widens out in the back to 64’, providing multiple parking spaces and potential for additional development with an existing catch basin at the far corner for future water drainage.