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
207 days
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