Price: $3,112,000
No. of Units: 12
Lot Size: 10,002 SFL
Property Type: Multi-family
Zoning: RM5
City: Penticton
Province: B.C.
Name of Brokerage: HM Commercial, Macdonald Realty Kelowna
A 12-unit multi-family investment property has sold for $3.1 million in downtown Penticton.
The building was developed by Radec Group and was completed this year. Each four-unit block features a single-level, one-bedroom suite; a single-level, two-bedroom suite; a two-level, three-bedroom front unit; and a two-level, three-bedroom rear unit. The property has a total gross annual income of $220,500.
The rental building is located at 580 Ellis St.
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