2430 South Main Street
Penticton, British Columbia
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 1981
- Building size (SF) 23,600
- Price $4,685,000 CAD
Overview
The Avison Young Multi-Family Team is pleased to market for sale 2430 South Main Street, Penticton, BC (the “Property”). The Property is improved with a 20-unit strata-titled wood-frame rental apartment building with significant rental upside through natural tenant turnover.
Highlights
Individual strata-titled suites
Each unit contains in-suite laundry, dishwashers and air-conditioning units
All two-bedrooms units contain two washrooms and a wood burning fireplace
Extremely large units with an average unit size of 884 sf
One well-maintained elevator services the building
Brand new roof completed in 2022
Upgrades to the common areas and suites have been completed over the past 5 years (renovation cost estimated at $82,950)
Potential for additional revenue due to antennae installation from Freedom Wireless
One non-conforming studio / office unit
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