Multifamily
511 Braid Street
511 Braid Street, Penticton, BC V2A 4Y4
Listing Price: $2,000,000
Investment Overview
Braid Apartments, a very well-maintained 12-suite apartment building located in Penticton, British Columbia represents a premier investment opportunity in one of BC’s tightest rental market. The property which is situated on a large ~12,000 square foot corner lot, has been owner-managed for years and pride of ownership is evident throughout. Suites all feature large floorplans with nicely appointed finishings, electric, tenant-paid heat, air conditioning units, breaker panels, ample storage, and newer double-glazed windows. The building features two laundry rooms for tenant use, surface parking for 7 stalls and an expansive below-grade workshop and storage area with garage door access from the lane. One section of the roof was completely replaced in 2022. The location of the property, just minutes from the bustling downtown area of Penticton, offers residents easy access to a wide array of shopping, dining, and entertainment options
511 Braid Street
Investment Highlights
- Owner-operated and managed with pride of ownership evident throughout
- 12 suite apartment building with attractive suite mix of 1- bachelor, 8-1 bedrooms, and 3-2 bedrooms
- Electric tenant-paid heat in all units along with individual breaker panels. Air conditioning units in each unit
- 4 suites have their own hot water tanks (tenant-paid) that were replaced in 2021. 5 additional hot water tanks service the remainder of the building, all of which have been recently replaced
- New intercom and fire safety systems
- Below-market rents with substantial room for growth on turnover
Exclusively Listed By
Listing Price: $2,000,000
Investment Highlights
- Owner-operated and managed with pride of ownership evident throughout
- 12 suite apartment building with attractive suite mix of 1- bachelor, 8-1 bedrooms, and 3-2 bedrooms
- Electric tenant-paid heat in all units along with individual breaker panels. Air conditioning units in each unit
- 4 suites have their own hot water tanks (tenant-paid) that were replaced in 2021. 5 additional hot water tanks service the remainder of the building, all of which have been recently replaced
- New intercom and fire safety systems
- Below-market rents with substantial room for growth on turnover
Investment Overview
Braid Apartments, a very well-maintained 12-suite apartment building located in Penticton, British Columbia represents a premier investment opportunity in one of BC’s tightest rental market. The property which is situated on a large ~12,000 square foot corner lot, has been owner-managed for years and pride of ownership is evident throughout. Suites all feature large floorplans with nicely appointed finishings, electric, tenant-paid heat, air conditioning units, breaker panels, ample storage, and newer double-glazed windows. The building features two laundry rooms for tenant use, surface parking for 7 stalls and an expansive below-grade workshop and storage area with garage door access from the lane. One section of the roof was completely replaced in 2022. The location of the property, just minutes from the bustling downtown area of Penticton, offers residents easy access to a wide array of shopping, dining, and entertainment options
Exclusively Listed By
