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Penticton 31-unit multi-family rental sells for $7 million

Selling price was $100,000 above list, with assumable Canada Mortgage and Housing Corp.-insured financing at 1.73 per cent.
Marcus & Millichap, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 671 Martin Street, Penticton, B.C.

Number of units: 31

Sale price: $7 million

Price per door: $225,806

Brokerage: Marcus & Millichap, Vancouver

Brokers: James Blair, Patrick McEvoy