Crestview Manor & Spanish Villa Multi-Family FOR SALE


Penticton, BC
$16,500,000 CAD
604-790-7089
, Penticton, BC for Sale
$16,500,000 CAD
Multi-Family - FOR SALE
1/3
null | 4.51% Cap Rate

Crestview Manor & Spanish Villa
Penticton, BC


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Lots of natural light
  • close to public transit
  • Retail amenities nearby
  • Access to highway
  • Ample parking

OVERVIEW

The McEvay Blair Multifamily Group of Marcus & Millichap presents an opportunity to acquire Spanish Villa and Crestview Manor, two 42-suite apartment buildings in close proximity to each other near downtown Penticton. Both properties have been family operated for nearly 20 years and are professionally managed by the family’s in-house management team. Spanish Villa and Crestview Manor each have their own distinct character, yet both provide investors with strong in place cash flow and a clear path to revenue growth through targeted renovation programs. With over $1.3 million in capital improvements invested since 2018, key infrastructure has been enhanced—allowing investors to focus on unit upgrades upon tenant turnover. The properties are held in bare trusts, and while a portfolio sale is preferred, individual offers will be considered.

ASK ABOUT THIS PROPERTY

James BlairMarcus & MillichapMore Info
604-790-7089

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James BlairMarcus & MillichapMore Info
604-790-7089

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