Price: $3,970,000
Lot Size: 2 acres
Property Type: Multi-family
Zoning: RU1 / RM3
City: Kelowna
Province: B.C.
Name of Brokerage: HM Commercial, Macdonald Realty Kelowna
An assembly of three multi-family properties has sold for nearly $4 million, in the Rutland neighbourhood of Kelowna.
The three properties include: a single-family home with a legal suite; a second home with a separate office; and a 17-plex of townhomes, for a total of 20 residential rental units. There is also an estimated $500,000 in surplus land for development. The residences have a gross income of $310,800 and a cap rate of 5.5 per cent.
The properties are located at 165, 175 and 205 Mills Rd.
Do you have a Done Deal you'd like to promote? Submit here for a free posting!
