7807 Gravenstein dr - Multi-Family FOR SALE


Osoyoos, BC V0H 1V7
$2,850,000 CAD
778-739-0165
7807 Gravenstein dr, Osoyoos, BC for Sale
$2,850,000 CAD
Multi-Family - FOR SALE
1/9
null | 4.54% Cap Rate

7807 Gravenstein dr
Osoyoos, BC V0H 1V7


HIGHLIGHTS

  • Excellent suite mix (9 one-bedroom & 6 two-bedroom suites)
  • Rental revenue is 28% below market offering significant rental upside
  • Completed capital upgrades in excess of $300,000 including 8 renovated units, electrical enhancements, refreshed common areas, new air conditioning...
  • Revenue generating laundry room with 2 washers & 2 dryers

OVERVIEW

Avison Young is pleased to present Osoyoos Manor, a rare opportunity to acquire one of the very few rental apartment buildings in a highly desirable and supply-constrained market. This 15-unit property has benefited from over $300,000 in recent capital improvements, including 8 fully renovated suites including the addition of dishwashers. Osoyoos Manor is located just 2 blocks from Osoyoos Lake and features 28% upside to market rents and the ability to increase revenue by renovating the remaining 7 suites.

FOR SALE DETAILS

PRICE

$2,850,000 CAD

PRICE/SF

$207 CAD /SF

# OF UNITS

15

PRICE/UNIT

$190,000

CAP RATE

4.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Osoyoos Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,406 SF

ZONING

RM1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bijan LaljiAvison YoungMore Info
778-739-0165

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Bijan LaljiAvison YoungMore Info
778-739-0165

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