223 Victoria Drive
Penticton, British Columbia
Building
Stats
- Property Type Multifamily - High-Rise
- Year built 1966
- Building size (SF) 9,720
- Price $2,100,000 CAD
Overview
The Avison Young Multi-Family Team is pleased to market
for sale 223 Victoria Drive in Penticton, BC (the “Property”). The property is well located in a quiet residential area just off Winnipeg Street with direct access to Lakeshore Drive and Okanagan Lake. The Property comprises a 15-unit rental apartment building containing all one-bedroom suites. The building is a three-storey walk up and each unit contains its own hot water tank. Tenants pay for their own heat, hydro and hot water providing the Vendor will minimal operating expenses. The Property offers significant rental upside accessible through natural tenant turnover.
Highlights
Heat, hot-water and hydro paid by the tenants
New torch on roof completed in 2020
Fire alarm panel replaced in 2017
Balcony floors and railings replaced in 2011
All carpets in hallways and stairs replaced in 2021
1 washer and 1 dryer, Vendor owned
15 secure storage lockers
Windows and sliding balcony doors updated
High quality metal fencing in 2008
13 of the 15 units have balconies
Copyright © 2024 Avison Young. All rights reserved. Powered by SharpLaunch