Josh Miko - 250-215-7700

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Industrial in Penticton

$2,600,000.00
575 ELLIS Street - MLS® #: 190588
  • (213)
  • 117
  • 144
  • 0 Bedrooms
  • 0 Bathrooms
  • - Sq Ft
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Josh Miko
250-215-7700

Property Type

Industrial

Description

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:6769)

Property Details

Subarea
Main North

Lot
0.089

Year Built
1945

Sewer
Municipal sewage system

Listing Agent

Peter Byrnes

Brokerage

Re/max Penticton Realty - Dt
(778) 476-7778

Disclaimer:

The property information on this website is derived from the Canadian Real Estate Association''s Data Distribution Facility (DDF®). DDF® references real estate listings held by various brokerage firms and franchisees. The accuracy of information is not guaranteed and should be independently verified. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Listing data last updated date: 2022-01-05 20:38:30




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