Multifamily
Winton Terrace
797 Winnipeg St, Penticton, BC V2A 2J6
Listing Price: Request For Offer
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Winton Terrace, a well-maintained and beautifully located, 26-unit apartment building in the heart of Penticton.
Situated on a 19,000 sf lot, the property benefits from its close proximity to downtown, Okanagan Lake, Okanagan College, and several major thoroughfares. This central location continues to experience consistent rental demand supported by population growth, constrained housing supply, and limited new purpose-built rental construction in the immediate area.
The property has been very well maintained, with a majority of the major cap ex work completed and limited deferred maintenance. Tenant amenities include AC units in every suite, full size storage lockers, security system throughout the building, elevator service and a new laundry card reload kiosk in the shared laundry rooms. With approximately half of the units having been updated and/or fully renovated, the property offers attractive future upside upon tenant turnover while also providing strong in-place revenue.
A comprehensive data room is available including a building condition report, environmental report, property photos, and financial and operational documents. Winton Terrace is held in a bare trust presenting significant tax savings to a purchaser and offers an assumable CMHC mortgage maturing June 1 2027 at an interest rate of 2.44%.
Winton Terrace
Investment Highlights
- Attractive suite mix of majority two-bedroom units, with spacious suite layouts, and large balconies for every unit. With approximately half of the units having been renovated,
- The property is centrally located Just minutes from Okanagan Lake Beach, downtown Penticton, and Penticton Plaza Mall. This prime location combines residential tranquility with urban convenience.
- Prospective investors will benefit from the Property's short term, assumable low-interest CMHC financing, as well as the option for a share sale, making this an attractive positive leverage investment
Exclusively Listed By
Investment Highlights
- Attractive suite mix of majority two-bedroom units, with spacious suite layouts, and large balconies for every unit. With approximately half of the units having been renovated,
- The property is centrally located Just minutes from Okanagan Lake Beach, downtown Penticton, and Penticton Plaza Mall. This prime location combines residential tranquility with urban convenience.
- Prospective investors will benefit from the Property's short term, assumable low-interest CMHC financing, as well as the option for a share sale, making this an attractive positive leverage investment
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Winton Terrace, a well-maintained and beautifully located, 26-unit apartment building in the heart of Penticton. Situated on a 19,000 sf lot, the property benefits from its close proximity to downtown, Okanagan Lake, Okanagan College, and several major thoroughfares. This central location continues to experience consistent rental demand supported by population growth, constrained housing supply, and limited new purpose-built rental construction in the immediate area. The property has been very well maintained, with a majority of the major cap ex work completed and limited deferred maintenance. Tenant amenities include AC units in every suite, full size storage lockers, security system throughout the building, elevator service and a new laundry card reload kiosk in the shared laundry rooms. With approximately half of the units having been updated and/or fully renovated, the property offers attractive future upside upon tenant turnover while also providing strong in-place revenue. A comprehensive data room is available including a building condition report, environmental report, property photos, and financial and operational documents. Winton Terrace is held in a bare trust presenting significant tax savings to a purchaser and offers an assumable CMHC mortgage maturing June 1 2027 at an interest rate of 2.44%.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
