520 Westminster Avenue W Penticton, British Columbia V2A 1K6
$1,399,000
Westminster Apartments consists of 9 units, there are 6-TWO bedroom and 3-ONE bedroom units. Close to Okanagan Lake and Beach, downtown shopping, and endless restaurants within walking distance! Long-term tenants with most living at the complex for 10+ years, so the current rents are low and there is a positive upside that they could be increased over time. The current annual gross rent revenue is $95,500. The building is a little tired and requires a little work! The 2024 assessment value is $1,503,000. Only asking $155,444 per unit. (id:59116)
Property Details
MLS® Number | 10324057 |
Property Type | Multi-family |
Neigbourhood | Main North |
ParkingSpaceTotal | 5 |
Building
Appliances | Refrigerator, Range - Electric |
ConstructedDate | 1975 |
CoolingType | Wall Unit |
ExteriorFinish | Brick, Stucco |
FireProtection | Smoke Detector Only |
HeatingFuel | Electric |
HeatingType | Baseboard Heaters |
StoriesTotal | 3 |
SizeInterior | 7350 Sqft |
Type | Multi-family |
UtilityWater | Municipal Water |
Land
Acreage | No |
Sewer | Municipal Sewage System |
SizeIrregular | 0.14 |
SizeTotal | 0.14 Ac|under 1 Acre |
SizeTotalText | 0.14 Ac|under 1 Acre |
ZoningType | Residential |
https://www.realtor.ca/real-estate/27421445/520-westminster-avenue-w-penticton-main-north
Interested?
Contact us for more information
Paul Basso
484 Main Street
Penticton, British Columbia V2A 5C5