Penticton multi-family property sold for $12M

The 77-unit building is situated at a 1.94-acre lot

By
for Western Investor
January 29, 2019





penticton
 
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. 
 

Breakdown: 

 
Price: $12,000,000 
No. of Units: 77 
Price/Unit: $155,844 
Lot Size: 1.94 acres 
Property Type: Multi-family 
2018 B.C. Assessment Value: $10,020,000
City: Penticton 
Province: B.C. 
Name of Brokerage: Avison Young Commercial Real Estate 
 

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Chris is a principal at Avison Young, specializing in multi-family investment.

Avison Young Commercial Real Estate
2900 - 1055 West Georgia Street
Vancouver, BC V6E 3P3
Office: 604-687-7331

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