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Multifamily

952 Dynes Avenue

952 Dynes Ave, Penticton, BC V2A 1E8

Listing Price: $2,860,000

Cap Rate
4.37%
Number of Units
17
Price/Unit
$168,235
Price/Gross SF
$214.57
Gross SF
13,329

Investment Overview

17 unit, well located apartment building in beautiful Penticton, BC. 952 Dynes Avenue is on a large 13,329 sf lot within proximity to transit, shopping, restaurants, and recreation along the famed Okanagan Lake Beachfront. There is a unique value-add potential through optimizing expenses by metering individual suites for electricity, and offsetting the cost of heating and cooling onto tenants.

Investment Highlights

  • Well located with close proximity to Okanagan lake, transit, and shopping
  • Penticton remains one of the most opportunistic rental markets in the Okanagan, underpinned by low vacancy and rapidly accelerating rental rates.
  • Spacious units with strong suite mix, including 1 bachelor unit, 8-1 bedroom units and 8-2 bedrooms units.

Exclusively Listed By

Multifamily

952 Dynes Avenue

Listing Price: $2,860,000

Cap Rate
4.37%
Number of Units
17
Price/Unit
$168,235
Price/Gross SF
$214.57
Gross SF
13,329

Investment Highlights

  • Well located with close proximity to Okanagan lake, transit, and shopping
  • Penticton remains one of the most opportunistic rental markets in the Okanagan, underpinned by low vacancy and rapidly accelerating rental rates.
  • Spacious units with strong suite mix, including 1 bachelor unit, 8-1 bedroom units and 8-2 bedrooms units.

Investment Overview

17 unit, well located apartment building in beautiful Penticton, BC. 952 Dynes Avenue is on a large 13,329 sf lot within proximity to transit, shopping, restaurants, and recreation along the famed Okanagan Lake Beachfront. There is a unique value-add potential through optimizing expenses by metering individual suites for electricity, and offsetting the cost of heating and cooling onto tenants.

Exclusively Listed By

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