5895 Main St - Apartments FOR SALE


Oliver, BC V0H 1T0
$3,500,000 CAD

NO PHOTO

$3,500,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

5895 Main St
Oliver, BC V0H 1T0


HIGHLIGHTS

  • Recently improved with a torch-on roof in 2018 and new AO Smith hot water tank in 2022.
  • All units feature private balconies, complemented by 22 storage lockers and approximately 30 surface parking stalls.
  • Premium Main Street exposure in Oliver with walkable access to retail, services, and transit.
  • Value-add potential through rental adjustments, suite upgrades, and repositioning program.

OVERVIEW

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Oliver Place Manor - a well-located, 22-unit apartment building in the heart of Oliver BC, one of the South Okanagan’s most established and supply-constrained rental markets. Situated on a generous half-acre corner lot on Main Street and Simikameen Avenue, the property benefits from its immediate proximity to Oliver Place Mall and other downtown amenities, while offering residents convenient access to employment nodes and world-class wineries.

FOR SALE DETAILS

PRICE

$3,500,000 CAD

PRICE/SF

$204 CAD /SF

# OF UNITS

22

PRICE/UNIT

$159,091

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oliver Place Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1976

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,642 SF

ZONING

-

APN/PARCEL ID

007-528-019

ASK ABOUT THIS PROPERTY

Sunil SuvarnaMarcus & MillichapMore Info

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Sunil SuvarnaMarcus & MillichapMore Info

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