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524 Jermyn Av 20 Unit Apartment Building $2,805,211 USD ($140,261 USD/Unit) 4.15% Cap Rate Penticton, BC V2A 2E1
Investment Highlights
- Located near downtown Penticton, close to shops, restaurants, and the beach.
- Includes 20 on-site parking spaces plus additional street parking.
- Recent upgrades include vinyl decking, suite improvements, and boiler replacement.
- Stable income potential in a high-demand rental market.
Executive Summary
Grandview Manor is a well maintained 20 suite apartment building situated on a large double-sized ~17,000 sqft in central Penticton across from Penticton Secondary School. The building has excellent curb appeal from recent exterior paint and offers tenants easy access to downtown Penticton.
Property Facts
| Price | $2,805,211 USD | Apartment Style | Low-Rise |
| Price Per Unit | $140,261 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 4.15% | Building Size | 13,002 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment |
| Price | $2,805,211 USD |
| Price Per Unit | $140,261 USD |
| Sale Type | Investment |
| Cap Rate | 4.15% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 13,002 SF |
| No. Stories | 3 |
| Year Built | 1972 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
| 1+1 | 12 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
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524 Jermyn Av
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