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Okanagan 12-unit multi-family rental sells at $141K per door

Built 60 years ago close to downtown Penticton, B.C., the apartment building sold for $1.7 million at a capitalization rate of 4.34 per cent.
Colliers, Vancouver, for Western Investor
511-braid-stpentictonjpg
Colliers, Vancouver, for Western Investor

Type of property: Multi-family rental

Location: 511 Braid Street, Penticton, B.C.

Number of units: 12

Price per door: $141,666

Sale price: $1.7 million

Brokerage: Colliers, Vancouver

Brokers: Dan Chatfield, Sunil Suvarna