Multifamily
Vista Villa
885 Forestbrook Dr, Penticton, BC V2A 2G1
Listing Price: $11,000,000
Investment Overview
Exceptional opportunity to acquire a 50-unit apartment building in the well-established and desirable market of Penticton. This well-maintained property boasts a strong capitalization rate and is ideally situated in a prime location with access to amenities, transit, and employment centers.
Vista Villa
Investment Highlights
- The building has been well maintained with new windows and patio doors (2022), a new fire system (2025), updated balconies (~2010) and approximately half of the units undergoing full upgrades.
- An excellent suite mix with almost half of the units being 2 bedroom units (24), plus 3 bachelor units and 23 1-bedroom units.
- Well located in the growing City of Penticton with close proximity to downtown Penticton and transit with a bus stop out front of the Property.
- At an average rent of $1,099 on the 1-bedroom units, and $1,313 on the 2-bedroom units, there's still significant upside on rents upon turnover, along with the ability to meter the units for electricity, and charge additionally for parking and storage.
Exclusively Listed By
Listing Price: $11,000,000
Investment Highlights
- The building has been well maintained with new windows and patio doors (2022), a new fire system (2025), updated balconies (~2010) and approximately half of the units undergoing full upgrades.
- An excellent suite mix with almost half of the units being 2 bedroom units (24), plus 3 bachelor units and 23 1-bedroom units.
- Well located in the growing City of Penticton with close proximity to downtown Penticton and transit with a bus stop out front of the Property.
- At an average rent of $1,099 on the 1-bedroom units, and $1,313 on the 2-bedroom units, there's still significant upside on rents upon turnover, along with the ability to meter the units for electricity, and charge additionally for parking and storage.
Investment Overview
Exceptional opportunity to acquire a 50-unit apartment building in the well-established and desirable market of Penticton. This well-maintained property boasts a strong capitalization rate and is ideally situated in a prime location with access to amenities, transit, and employment centers.
Exclusively Listed By
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