Property Description

CONTINGENT. Opportunity to own a brand new 8 unit purpose built apartment building in the heart of downtown Penticton. Absolute turnkey buy. An experienced developer, the Seller has the expertise to take this project from the ground up and deliver a quality fully finished building ready to rent. Pricing will include all necessary development cost charges, permits, servicing, land, building costs and contingencies. This property can be sold individually or in conjunction with the neighboring property 575 Ellis Street, to allow a total of 16 rental units. See MLS 190588. Excellent return once the project is complete and rented with an estimated 5.6% Cap Rate. This sale is contingent on a qualified Buyer entering into a formal cost plus contract with the Seller for the build out. This is in a great location close to schools, shopping and Okanagan Lake. Excellent opportunity to benefit from the strong rental market in Penticton. Price is PLUS GST. (id:15472)

: Forced Air
: False
Central location, Visual exposure
Address Map
British Columbia
Main North
583 ELLIS Street,
Additional Information
Recreation, Shopping, Schools, Public Transit
Municipal water
Municipal sewage system
Recreation, Shopping, Schools, Public Transit
Agent Information
Re/max Penticton Realty - Dt,Re/max Penticton Realty - Dt
Peter Byrnes,Kirk Chamberlain
(250) 486-8887
Re/Max of Western Canada,Re/Max of Western Canada
Personal Real Estate Corporation,Personal Real Est

Industrial For Sale Or Rent

583 ELLIS Street, Penticton, British Columbia V2A4M4

0 Bedrooms
0 Bathrooms
Visits : 112 in 63 days
C$ 2,600,000
MLS # #190589
Basic Details
Property Type : Industrial
Building Type : Other
Listing Type : For Sale Or Rent
MLS # : 190589
Price : C$ 2,600,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Land Size : 0.092 ac
Agent info
RE/MAX Penticton Realty
Contact Agent