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Multifamily

Grandview Manor

524 Jermyn Ave, Penticton, BC V2A 2E1

Listing Price: $3,900,000

Cap Rate
4.15%
Number of Units
20
GRM
15.98
Price/Unit
$195,000
Price/Gross SF
$221.62
Gross SF
17,598

Investment Overview

Grandview Manor is a well maintained 20 suite apartment building situated on a large double-sized ~17,000 sqft in central Penticton across from Penticton Secondary School. The building has excellent curb appeal from recent exterior paint and offers tenants easy access to downtown Penticton.

Investment Highlights

  • 20 Suite Apartment Building with an Excellent Suite Mix and Elevator Service in Central Penticton
  • The building features an attractive suite mix including 8-2 bedroom suites, all of which have updated breaker panels. The suites are nicely appointed with 12 featuring a balcony.
  • Tenants are responsible for their own hydro including electric baseboard heating. Domestic hot water is supplied via a gas-fired boiler system.
  • Hydraulic elevator service is available to tenants along with 20 surface parking stalls. There are two laundry rooms on the second and third floors with one set of washer and dryer in each.

Exclusively Listed By

Multifamily

Grandview Manor

Listing Price: $3,900,000

Cap Rate
4.15%
Number of Units
20
GRM
15.98
Price/Unit
$195,000
Price/Gross SF
$221.62
Gross SF
17,598

Investment Highlights

  • 20 Suite Apartment Building with an Excellent Suite Mix and Elevator Service in Central Penticton
  • The building features an attractive suite mix including 8-2 bedroom suites, all of which have updated breaker panels. The suites are nicely appointed with 12 featuring a balcony.
  • Tenants are responsible for their own hydro including electric baseboard heating. Domestic hot water is supplied via a gas-fired boiler system.
  • Hydraulic elevator service is available to tenants along with 20 surface parking stalls. There are two laundry rooms on the second and third floors with one set of washer and dryer in each.

Investment Overview

Grandview Manor is a well maintained 20 suite apartment building situated on a large double-sized ~17,000 sqft in central Penticton across from Penticton Secondary School. The building has excellent curb appeal from recent exterior paint and offers tenants easy access to downtown Penticton.

Exclusively Listed By

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