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Home BC Greater Penticton Penticton
520 Westminster Avenue W
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520 Westminster Avenue W $1,275,000
$1,275,000
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520 Westminster Avenue W
Penticton, British Columbia V2A1K6

MLS® Number: 10324057

Listing Description

Westminster Apartments consists of 9 units, there are 6-TWO bedroom and 3-ONE bedroom units. Close to Okanagan Lake and Beach, downtown shopping, and endless restaurants within walking distance! Long-term tenants with most living at the complex for 10+ years, so the current rents are low and there is a positive upside that they could be increased over time. The current annual gross rent revenue is $95,500. The building is a little tired and requires a little work! The 2024 assessment value is $1,503,000. Only asking $155,444 per unit. (37745502)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
2.5
Neighbourhood Name
Main North
Title
Freehold
Land Size
0.14 ac|under 1 acre
Built in
1975
Annual Property Taxes
$8,153.57
Total Parking Spaces
5
Time on REALTOR.ca
61 days

Building

Bathrooms
Partial
0
Interior Features
Appliances Included
Refrigerator, Range - Electric
Building Features
Present Use
Community Multi-Tenant
Fire Protection
Smoke Detector Only
Heating & Cooling
Cooling
Wall unit
Heating Type
Baseboard heaters, (Electric)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Stucco
Parking
Total Parking Spaces
5

Measurements

Square Footage
7350 sqft

Land

Other Property Information
Zoning Type
Residential
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6

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