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575 Wade Av E

18 Unit Apartment Building $6,800,000 CAD ($377,778 CAD/Unit) Penticton, BC V2A 1T2

Apartment Buildings British Columbia Penticton 575 Wade Av E, Penticton, BC V2A 1T2

Investment Highlights

  • Purpose rental building
  • Reserved tenant parking
  • Elevator accessible

Executive Summary

Lexington Place is in excellent condition and has recently undergone over $500k in renovations. It is a 23,408 SF 3-storey apartment building with 6 units per floor for a total of 18 rental units built over a part grade level basement and more than ample parking area. The building was vacated for the major renovation and all units have recently been leased up at market rents. The suites are larger than typical rental units in the market which has resulted in the building achieving top of the market 2024 rents throughout. Common areas include but are not limited to, entrance with mail room, storage room, kitchenette, workshop, 12 tenant storage lockers and an electrical room.

Attachments

Brochure

Property Facts

Price $6,800,000 CAD Apartment Style Low Rise
Price Per Unit $377,778 CAD Building Class C
Sale Type Investment Lot Size 0.51 AC
No. Units 18 Building Size 23,408 SF
Property Type Multifamily No. Stories 3
Property Subtype Apartment Year Built 1996
Price $6,800,000 CAD
Price Per Unit $377,778 CAD
Sale Type Investment
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.51 AC
Building Size 23,408 SF
No. Stories 3
Year Built 1996

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Tub/Shower
  • Basement

Site Amenities

  • Basketball Court

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 9 - -
1 of 1
Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(250) 870-3025

  • Listing ID: 33040971

  • Date on Market: 2024-09-03

  • Last Updated:

  • Address: 575 Wade Av E, Penticton, BC V2A 1T2

The Multifamily Property at 575 Wade Av E, Penticton, BC V2A 1T2 is currently available For Sale. Contact Colliers for more information.

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575 Wade Av E
(250) 870-3025 x

575 Wade Av E

Jack Shabbits

(250) 870-3025

(250) 870-3025

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