5662 Hightide ave - Apartments FOR SALE


Sechelt, BC V0N 3A3
$4,000,000 CAD
604-697-3055
5662 Hightide ave, Sechelt, BC for Sale
$4,000,000 CAD
Apartments - FOR SALE
1/10
null | 4.28% Cap Rate

5662 Hightide ave
Sechelt, BC V0N 3A3


OVERVIEW

Introducing Inlet Apartments—a rare investment opportunity located just four blocks from Sechelt's vibrant town center. This well-maintained, 21-unit building, built in 1987 on three city lots, offers 20 spacious two-bedroom units and 1 studio, with free parking and convenient access to major retail, hospitals, and schools. With a live-in manager ensuring regular upkeep and renovations during tenant turnover, this property offers significant upside potential, boasting a 78% gap to market rents. Additional value-add opportunities through strategic capex investments make Inlet Apartments a compelling prospect for savvy investors looking to capitalize on Sechelt’s growth. - 20 two-bedroom one bath suites and one studio suite - 16 suites are approx. 825 sq.ft. and each have their own balcony and storage area - 4 suites are “penthouses” approx. 900 sq.ft. with a large roof balcony and storage room - 20 of the 21 suites have electric baseboard heat and own hot water tanks - On-site property manager who has lived in the building for 20-years - Owners are the original builders of Inlet Apartments, in 1987

FOR SALE DETAILS

PRICE

$4,000,000 CAD

PRICE/SF

$169 CAD /SF

# OF UNITS

21

PRICE/UNIT

$190,476

CAP RATE

4.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Inlet Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,942 SF

ZONING

R-4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nathan LeggCDNGLOBALMore Info
604-697-3055

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

Nathan LeggCDNGLOBALMore Info
604-697-3055

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