Opportunity to purchase a 5-lot, 1.037 acre, residential assembly on the Westside Wine Trail. The opportunity may be purchased together or separately from the neighbouring 0.97 acre bare land property (MLS# 10315229). The properties are located on the edge of Westbank First Nation’s land on the corner of Boucherie Road and Pritchard Drive. This is leasehold land - 125 years. 16 tenanted residential units with average rents at $1.65/SF per month with ability to increase to market rate of $2.05/SF per month/. Zoned MFL - Multifamily Residential Low Density with a max density of 2.5 storeys. Offered at 5.25% Cap Rate with holding income. Assumable financing available. Under 5 minutes to Frind Winery, Mission Hill Winery and Quail’s Gate Winery. (37270632)
Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
Westbank Centre
Title
Leasehold/Leased Land
Land Size
1.04 ac|1 - 5 acres
Annual Property Taxes
$0 (CAD)
Parking Type
See Remarks, Carport
Time on REALTOR.ca
176 days
Get a taste for the neighbourhood where this listing is located.
The following neighbourhood demographic information is provided by a third-party supplier based on census data from Statistics Canada.
No demographic information is available for this specific location.
Demographics data is temporarily unavailable
This calculator is for demonstration purposes only. The Canadian Real Estate Association does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.