Key Facts
- MLS® #: 10351068
- Property ID: SIRC2487240
- Property Type: Residential, Other
- Living Space: 28,080 sq.ft.
- Lot Size: 0.45 ac
- Year Built: 1981
- Listed By:
- Colliers
Property Description
Great opportunity to purchase a fully leased apartment building in downtown Kelowna that has been upkept and well maintained over the years. Original owners have updated 19 of the 25 units with newer bathrooms/ kitchens, new laminate flooring, refreshed carpets and cabinets. Windows replaced in 2010, elevator updated in 2011, roof replaced in 2015 with improved insulation and intercom system updated and replaced in 2016. All rents are below market value, strong upside as unit's turnover and long term potential for redevelopment. The property is Zoned UC1 (Downtown Urban Centre) allowing for high-Density Mixed-Use Buildings and is surrounded by new developments. Plenty of redevelopment options in future with cash flow in place making this a great long term investment. Share Sale is an option.
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Location
1475 Bertram Street, Kelowna, British Columbia, V1Y 2G3 Canada
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