Address
575 ELLIS Street Penticton, BC
Price
$ 2,600,000
Property Attributes
  • ID#190588
  • TypeIndustrial
  • CityPenticton
  • NeighbourhoodMain North
  • Postal CodeV2A 4M4
  • Style
  • Price$ 2,600,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size3,877 SqFt
Listing Provided Courtesy Of:
Re/max Penticton Realty - Dt
Data Source:
Canadian Real Estate Association
Property Description

CONTINGENT. Opportunity to own a brand new 8 unit purpose built apartment building in the heart of downtown Penticton. Absolute turnkey buy. An experienced developer, the Seller has the expertise to take this project from the ground up and deliver a quality fully finished building ready to rent. Pricing will include all necessary development cost charges, permits, servicing, land, building costs and contingencies. This property can be sold individually or in conjunction with the neighboring property 583 Ellis Street, to allow a total of 16 rental units. See MLS 190589. Excellent return once the project is complete and rented with an estimated 5.6% Cap Rate. This sale is contingent on a qualified Buyer entering into a formal cost plus contract with the Seller for the build out. This is in a great location close to schools, shopping and Okanagan Lake. Excellent opportunity to benefit from the strong rental market in Penticton. Price is PLUS GST. (id:7434)

General Features

Ammenities Recreation, Shopping, Schools, Public Transit
Building Type Other
Features Central location, Visual exposure, Flat site
More Information Link https://www.realtor.ca/real-estate/23466614/575-ellis-street-penticton-main-north
Neighbourhood Main North
Ownership Type Freehold
Property Type Industrial

Interior Features

Building Fireplace Present False
Building Heating Type Forced air

Exterior Features

Land Amenities Recreation, Shopping, Schools, Public Transit
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Industrial Average in V2A 4M4

Price
AVG $1.72M
$2.6M
Visits
AVG 22
16
Year Built
AVG 1945
1945
Walkscore
AVG 81
81
Data Provided by Walkscore ® not using MLS data