604-640-5871
125 Dundas Rd, Kelowna, BC for Sale
Apartments - FOR SALE
1/11
null | Request Cap Rate

125 Dundas Rd
Kelowna, BC V1X 3X6


HIGHLIGHTS

  • Property is held in a bare trust nominee which an investor may elect to acquire to avoid Property Transfer Tax (“PTT”)
  • Thoughtfully designed unit layouts including bathrooms with separated private showers & toilets, & two stainless steel fridges in many of the units
  • Significant rental upside upon tenant turnover evidenced by the greater than 7% compound annual growth rate in monthly asking rents from 2022-2024
  • Rare opportunity to inherit a best-in-class operational model perfect for investor’s seeking passive investment vehicles
  • Artium Student Residences was recently constructed in 2017 by the current owner, & has since been meticulously maintained to an institutional standard
  • Unique opportunity to consistently increase rental revenue due to higher tenant turnover – 63% and 56% in 2023 and 2024, respectively

OVERVIEW

Cushman & Wakefield presents investors the opportunity to acquire a 100% freehold interest in Artium Student Residence, located at 125 Dundas Road, Kelowna, BC (the “Property”), a 23-unit, 97-bed off-campus student housing facility comprised of three, four, and five-bedroom units. Strategically positioned in Kelowna’s Rutland neighbourhood, the Property has remained in excellent condition since it’s construction in 2017. The prime location along a major bus route with service to UBCO, Okanagan College, and Downtown Kelowna combined with a plethora of nearby retail amenities offers students an unmatched lifestyle of convenience and connectivity.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

23

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Artium Student Residence

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,471 SF

ZONING

UC4

APN/PARCEL ID

029763380

ASK ABOUT THIS PROPERTY

David VenanceCushman & WakefieldMore Info
604-640-5871

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David VenanceCushman & WakefieldMore Info
604-640-5871

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.