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7807 Gravenstein dr - Osoyoos Manor 15 Unit Apartment Building Offered at $2,049,504 USD at a 4.54% Cap Rate Osoyoos, BC V0H 1V7
Investment Highlights
- Excellent suite mix (9 one-bedroom & 6 two-bedroom suites)
- Completed capital upgrades in excess of $300,000 including 8 renovated units, electrical enhancements, refreshed common areas, new air conditioning...
- Rental revenue is 28% below market offering significant rental upside
- Revenue generating laundry room with 2 washers & 2 dryers
Executive Summary
Avison Young is pleased to present Osoyoos Manor, a rare opportunity to acquire one of the very few rental apartment buildings in a highly desirable and supply-constrained market. This 15-unit property has benefited from over $300,000 in recent capital improvements, including 8 fully renovated suites including the addition of dishwashers. Osoyoos Manor is located just 2 blocks from Osoyoos Lake and features 28% upside to market rents and the ability to increase revenue by renovating the remaining 7 suites.
Property Facts
| Price | $2,049,504 USD | Apartment Style | Low-Rise |
| Price Per Unit | $136,634 USD | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 13,745 SF |
| Cap Rate | 4.54% | No. Stories | 3 |
| No. Units | 15 | Year Built/Renovated | 1965/2025 |
| Property Type | Multifamily | ||
| Zoning | RM1 - Medium Density Residential | ||
| Price | $2,049,504 USD |
| Price Per Unit | $136,634 USD |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| No. Units | 15 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.45 AC |
| Building Size | 13,745 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2025 |
| Zoning | RM1 - Medium Density Residential |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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7807 Gravenstein dr - Osoyoos Manor
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