Penticton multi-family property sold for $12M
The 77-unit building is situated at a 1.94-acre lot
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A rental apartment property in Penticton has sold for $12 million, Avison Young Commercial Real Estate reports.
The 77-unit property sold for approximately $155,844 per suite. The property has an assessed value of just over $10 million. The four-storey building was cnstructed in 1976, built on 1.94 acres.
The property is located 2902 South Main St., Penticton.
No. of Units: 77
Lot Size: 1.94 acres
Property Type: Multi-family
2018 B.C. Assessment Value: $10,020,000
Name of Brokerage: Avison Young Commercial Real Estate
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