LOADING

575 Ellis Street, Penticton, British Columbia V2A 4M4

Forced Air

$2,600,000

CONTINGENT. Opportunity to own a brand new 8 unit purpose built apartment building in the heart of downtown Penticton. Absolute turnkey buy. An experienced developer, the Seller has the expertise to take this project from the ground up and deliver a quality fully finished building ready to rent. Pricing will include all necessary development cost charges, permits, servicing, land, building costs and contingencies. This property can be sold individually or in conjunction with the neighboring property 583 Ellis Street, to allow a total of 16 rental units. See MLS 190589. Excellent return once the project is complete and rented with an estimated 5.6% Cap Rate. This sale is contingent on a qualified Buyer entering into a formal cost plus contract with the Seller for the build out. This is in a great location close to schools, shopping and Okanagan Lake. Excellent opportunity to benefit from the strong rental market in Penticton. Price is PLUS GST. (id:38892)

Property Details

MLS® Number 190588
Property Type Industrial
Neigbourhood Main North
Amenities Near By Recreation, Shopping, Schools, Public Transit
Features Central Location, Visual Exposure, Flat Site

Building

Constructed Date 1945
Heating Type Forced Air
Type Other
Utility Water Municipal Water

Land

Acreage No
Land Amenities Recreation, Shopping, Schools, Public Transit
Sewer Municipal Sewage System
Size Irregular 0.089
Size Total 0.089 Ac
Size Total Text 0.089 Ac

Utilities

Sewer Available

https://www.realtor.ca/real-estate/23466614/575-ellis-street-penticton-main-north

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