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Multifamily

11121 Prairie Valley Road

11121 Prairie Valley Rd, Summerland, BC V0H 1Z8

Listing Price: $1,790,000

Number of Units
7
GRM
17.26
Price/Unit
$255,714
Price/Gross SF
$120.15
Gross SF
14,898

Investment Overview

11121 Prairie Valley Road features a strong going-in cap rate, with tenants paying their own gas and electricity, the property offers steady cash flow with the ability to increase rents upon turnover, with ease of rental due to the strong unit mix and in-suite laundry. The building has been very well maintained with updates to the roof (2013) and windows and the majority of the units undergoing extensive upgrades. The property is well located within Summerland, a city within the Okanagan with low vacancy rates and has continued to see population growth. The building is in close proximity to Giants Head Elementary, restaurants and shopping.

Investment Highlights

  • Featuring a strong going-in cap rate, with tenants paying their own gas and electricity, the property offers steady cash flow with the ability to increase rents upon turnover.
  • The building has been very well maintained with updates to the roof (2013) and windows and the majority of the units undergoing extensive upgrades.
  • The property is well located within Summerland, a city within the Okanagan with low vacancy rates and has continued to see population growth.

Exclusively Listed By

Multifamily

11121 Prairie Valley Road

Listing Price: $1,790,000

Number of Units
7
GRM
17.26
Price/Unit
$255,714
Price/Gross SF
$120.15
Gross SF
14,898

Investment Highlights

  • Featuring a strong going-in cap rate, with tenants paying their own gas and electricity, the property offers steady cash flow with the ability to increase rents upon turnover.
  • The building has been very well maintained with updates to the roof (2013) and windows and the majority of the units undergoing extensive upgrades.
  • The property is well located within Summerland, a city within the Okanagan with low vacancy rates and has continued to see population growth.

Investment Overview

11121 Prairie Valley Road features a strong going-in cap rate, with tenants paying their own gas and electricity, the property offers steady cash flow with the ability to increase rents upon turnover, with ease of rental due to the strong unit mix and in-suite laundry. The building has been very well maintained with updates to the roof (2013) and windows and the majority of the units undergoing extensive upgrades. The property is well located within Summerland, a city within the Okanagan with low vacancy rates and has continued to see population growth. The building is in close proximity to Giants Head Elementary, restaurants and shopping.

Exclusively Listed By

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