Golden Vista Suites, Kamloops Okanagan

$2 675 000
MLS No: Exclusive
Property type: Apartment Building
Area (Sq Ft)
9,154
Units
23
Price Per Unit
116,305
Cap Rate
5.25
GRM
12.87

Specifications

  • Land Size: 33,396 Sq Ft
  • Year Built: 2010
  • Lot Size (Acres): 0.91
  • Building Storeys: 4
  • Property Tax (2015): $10,913

Description

SOLD for 97% of Asking Price!!

Golden Vista Suites at 375 Cherry Ave on Kamloops North Shore is a unique opportunity to own newly constructed seniors rental units.  Offering consists of 23 strata-title units in a seniors rental building.

Occupancy is 100% with no history of vacancy since construction in 2010.  Location is perfect for seniors: all amenities are a close walk.  Building has a modern elevator for convenience.  Units are heated (electric baseboard) and cooled (individual air conditioning units).

The building is professionally managed creating a hands-off property investment opportunity. Reputable local property management firm takes care of all the rental details.  Building has been full with no history of vacancy since inception.

What sets Golden Vistas apart from other buildings you may consider is the quality of construction.  Constructed in 2010, the builder/developer went above and beyond in creating a high quality build.  Hardieplank exterior, thermally efficient double-glaze windows, at-grade podium parking and solid interior finishings make this an investment to last a lifetime.

Benefit from strong rental numbers, growing seniors population in Kamloops, excellent location on the north shore and exceptional build quality.

Address: 375 Cherry Ave, Kamloops, BC, V8J 2V8.

  • Studio
  • One Bedroom

Contact the Agent

Seth Baker

Managing Broker & Owner
Phone
(778) 235-9293
Fax
(778) 650-0350
Address
119 W Pender St, Suite 104
Vancouver, BC, V6B 1S5
Combine bold entrepreneurship, incisive analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services, Seth founded his own real estate brokerage company dedicated to selling some of the world’s most valuable apartment buildings. He is a master communicator and skillful analyst. He has a diverse background with a unique combination of street smarts, business, and data technology. This background allows Seth to maintain priceless market data while building powerful relationships with multifamily investors and developers. Ask him about how to get people to agree. It’s his secret talent. Seth Baker has led an impressive career in real estate brokerage. He is personally responsible for more than $125,000,000 in real estate sales, a number that’s growing daily.  He has contributed to a number of industry organizations including LandlordBC, Vancouver Board of Trade, BC Non-Profit Housing Association, Greater Vancouver Home Builders Association and Urban Development Institute.…




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