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Penticton multi-family asset trades for $172,917 per unit

Renovations and capital investment support sale price
495-winnipeg-street-penticton
A 51-year-old multi-family asset at 495 Winnipeg St., Penticton, sold July 10 for nearly $2.1 million.

DEAL | A 12-unit apartment building at 495 Winnipeg Street, Penticton, sold July 10 for $2.1 million. Built in 1974, the property has received many capital upgrades over the past five years, including the renovation of 10 units. Zoned RM-2, the building includes 11 parking stalls offering at least partial cover. The sale price averaged $172,917 per unit and was just below the list price of $2.2 million.

PRICE | $2,075,000

FROM | Trevor Buchan and Dan Chatfield, Paradigm Group