CASH FLOW POSITIVE DEAL IN BC
OPENING THIS UP TO INVESTORS INTERESTED IN
PARTNERING ON THIS DEAL WITH US
✓ Investor Requirement = $100,000 Minimum Investment
✓ Total Investment Funding Required to Close = $1,700,000
✓ Estimated Return on Investment = 14% per Year
✓ Cash on Cash Return = 2% per Year (Cash Flow)
✓ Investment Hold Length = 8+ Years
The Strategy: This 18 unit building is cash flow positive and situated in a strong, growing Canadian market. The strategy is to buy and hold long term, gradually renovating units, increasing rents, and raising value.
This 18 unit rental apartment building is in excellent condition and has recently undergone over $500k in renovations. It is a 23,408 SF 3-storey apartment building with 6 units per floor for a total of 18 rental units built over a part grade level basement and more than ample parking area. The suites are larger than typical rental units in the market which has resulted in the building achieving top of the market 2024 rents throughout. Common areas include but are not limited to, entrance with mail room, storage room, kitchenette, workshop, 12 tenant storage lockers and an electrical room. The property is located in a highly sought after neighbourhood and is situated approximately 0.9 km east of the downtown commercial core and is within walking distance to urban amenities. The City of Penticton is 60 km south of Kelowna and is the 3rd largest urban centre in the BC Interior. It is 395 km northeast of Vancouver and 65 km north of the Canada-US Border. Penticton is the business hub of the Okanagan-Similkameen region with over 3,600 businesses serving 100,000+ people in the area. It is known for its world-class wineries, tourism and agriculture, and diverse sectors.
