422 Lakeshore Dr W - Apartments FOR SALE


Penticton, BC V2A 1B8
$11,000,000 CAD
604-687-7331

NO PHOTO

$11,000,000 CAD
Apartments - FOR SALE
null | 3.34% Cap Rate

422 Lakeshore Dr W
Penticton, BC V2A 1B8


OVERVIEW

The Avison Young Multi-Family Team is pleased to market for sale Lakeview Apartments, located at 422 Lakeshore Drive West, Penticton, BC. This meticulously maintained rental building offers breathtaking views of Lake Okanagan and provides direct beach access from the front entrance. Situated on a large 29,011-sf lot, it’s prime location presents investors with an extremely rare opportunity to acquire one of the few rental apartment buildings along Lakeshore Drive.

FOR SALE DETAILS

PRICE

$11,000,000 CAD

PRICE/SF

$379 CAD /SF

# OF UNITS

38

PRICE/UNIT

$289,474

CAP RATE

3.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,603 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris WieserAvison YoungMore Info
604-687-7331

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Chris WieserAvison YoungMore Info
604-687-7331

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