$ 1,275,000
520 Westminster Avenue W Penticton, BC V2A1K6
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$ 1,275,000
Est. payment | /mo
7,350 SqFt
$ 1,275,000
Est. payment | /mo
7,350 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,350 sqft
Price per Sqft $173
Subdivision Main North
MLS® Listing ID 10324057
Originating Board Association of Interior REALTORS®
Year Built 1975
Lot Size 6,098 Sqft
Acres 6098.4
Property Description
Westminster Apartments consists of 9 units, there are 6-TWO bedroom and 3-ONE bedroom units. Close to Okanagan Lake and Beach, downtown shopping, and endless restaurants within walking distance! Long-term tenants with most living at the complex for 10+ years, so the current rents are low and there is a positive upside that they could be increased over time. The current annual gross rent revenue is $95,500. The building is a little tired and requires a little work! The 2024 assessment value is $1,503,000. Only asking $155,444 per unit. (id:24570)
Location
Province BC
Zoning Residential
Interior
Heating Baseboard heaters,
Cooling Wall unit
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal Lepage Locations West
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "