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Multifamily

Cedar Manor

2204 6 Ave, Castlegar, BC V1N 2V9

Listing Price: $7,500,000

Cap Rate
4.64%
Number of Units
49
Price/Unit
$153,061
Price/Gross SF
$138.74
Gross SF
54,057

Investment Overview

Cedar Manor is situated in Castlegar BC, the second largest city in the in the West Kootenay region. The town currently has very low vacancy rate and is projected to have a healthy growth in population over the next 5 years. The Subject Property Features: a 43 unit apartment building composed of 10 one-bedrooms and 33 two-bedrooms, a fourplex composed of 2 one-bedroom units, 1 three-bedroom, and 1 bachelor and, a single family house with three bedrooms and a one-bedroom basement suite.

Investment Highlights

  • Cedar Manor is situated in Castlegar BC, the second largest city in the in the West Kootenay region.
  • Opportunity to add value by increasing rents on turnover. Above market rents are currently being achieved in the Subject Property.
  • Diligent property management currently in place which enables owners to operate remotely with peace of mind.

Exclusively Listed By

Multifamily

Cedar Manor

Listing Price: $7,500,000

Cap Rate
4.64%
Number of Units
49
Price/Unit
$153,061
Price/Gross SF
$138.74
Gross SF
54,057

Investment Highlights

  • Cedar Manor is situated in Castlegar BC, the second largest city in the in the West Kootenay region.
  • Opportunity to add value by increasing rents on turnover. Above market rents are currently being achieved in the Subject Property.
  • Diligent property management currently in place which enables owners to operate remotely with peace of mind.

Investment Overview

Cedar Manor is situated in Castlegar BC, the second largest city in the in the West Kootenay region. The town currently has very low vacancy rate and is projected to have a healthy growth in population over the next 5 years. The Subject Property Features: a 43 unit apartment building composed of 10 one-bedrooms and 33 two-bedrooms, a fourplex composed of 2 one-bedroom units, 1 three-bedroom, and 1 bachelor and, a single family house with three bedrooms and a one-bedroom basement suite.

Exclusively Listed By

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