apartment building for sale
APARTMENT BUILDING FOR SALE
Twin Rivers Manor - 223 Burton Avenue Princeton, BC V0X 1W0 $ 3,100,000
22 Unit Apartment Building $2,900,000 Unique opportunity to purchase an income producing apartment building situated next to the Similkameen River in a growing city with enormous potential. Perfect for investors looking for steady revenue streams and high quality assets with low operating costs.
Property Features and Specifications: - 2 story building, serviced by an elevator, with a total living area of 16,427 SF - 8 two bedroom units - 14 one bedroom units - Potential to increase revenue by renting managers suite currently kept vacant for ownership - 2x6 Wood frame building constructed in 2011 on a 37,017 SF lot - 49 Surface level parking stalls - Burton avenue (along eastern perimeter of the property) has been closed and provides additional green space along the Similkameen River - Flexible C-3 zoning allows for variety of uses, including conversion to mixed use
Revenue & Expenses: Total Annual Rent Property Tax Utilities Total Expenses
$187,800 $10,068 $26,297 $36,365
Location: River side setting and a stone’s throw to the local town centre, this property benefits from scenic views and easy access to shopping and highway 3 (Crowsnest highway). The city of Princeton, is a growing city with tremendous potential with the initiation of one of the largest copper mines in Canada in 2011 and a healthy sawmill industry. The lot also allows for dual access from the north perimeter and Burton Avenue at the south.
Legal Description: Lot B, Plan KAP39924, District Lot 706, Land District Yale Div of Yale, Except Plan (DD155391F).
For More Information Contact:
Ravinder Sooch PREC* (604) 617-0460
Aman Jodhan (604) 807-8374
Ravinder Sooch PREC*
Aman Jodhan
Realtor® [email protected]
Realtor® [email protected]
Cell: (604) 617-0460
Cell: (604) 807-8374
Not intended to solicit properties currently listed for sale or buyers under contract. The Trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of the CREA. Used under license. The information set out herein, including, without limitation any projections, images, opinions, assumptions and estimates obtained from third parties (the “information”) has not been verified by Century 21, and Century 21 does not represent, warrant or guarantee the accuracy, correctness and completeness of the information. Century 21 does not accept or assume any responsibility or liability, direct or consequential, for the information or the recipient’s reliance upon the information. The recipient of the information should take such steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any times without notice or obligation to the recipient from Century 21. E&OE
Twin Rivers Manor - 223 Burton Avenue Princeton, BC V0X 1W0 $ 3,100,000
22 Unit Apartment Building $2,900,000 Unique opportunity to purchase an income producing apartment building situated next to the Similkameen River in a growing city with enormous potential. Perfect for investors looking for steady revenue streams and high quality assets with low operating costs.
Property Features and Specifications: - 2 story building, serviced by an elevator, with a total living area of 16,427 SF - 8 two bedroom units - 14 one bedroom units - Potential to increase revenue by renting managers suite currently kept vacant for ownership - 2x6 Wood frame building constructed in 2011 on a 37,017 SF lot - 49 Surface level parking stalls - Burton avenue (along eastern perimeter of the property) has been closed and provides additional green space along the Similkameen River - Flexible C-3 zoning allows for variety of uses, including conversion to mixed use
Revenue & Expenses: Total Annual Rent Property Tax Utilities Total Expenses
$187,800 $10,068 $26,297 $36,365
Location: River side setting and a stone’s throw to the local town centre, this property benefits from scenic views and easy access to shopping and highway 3 (Crowsnest highway). The city of Princeton, is a growing city with tremendous potential with the initiation of one of the largest copper mines in Canada in 2011 and a healthy sawmill industry. The lot also allows for dual access from the north perimeter and Burton Avenue at the south.
Legal Description: Lot B, Plan KAP39924, District Lot 706, Land District Yale Div of Yale, Except Plan (DD155391F).
For More Information Contact:
Ravinder Sooch PREC* (604) 617-0460
Aman Jodhan (604) 807-8374
Ravinder Sooch PREC*
Aman Jodhan
Realtor® [email protected]
Realtor® [email protected]
Cell: (604) 617-0460
Cell: (604) 807-8374
Not intended to solicit properties currently listed for sale or buyers under contract. The Trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of the CREA. Used under license. The information set out herein, including, without limitation any projections, images, opinions, assumptions and estimates obtained from third parties (the “information”) has not been verified by Century 21, and Century 21 does not represent, warrant or guarantee the accuracy, correctness and completeness of the information. Century 21 does not accept or assume any responsibility or liability, direct or consequential, for the information or the recipient’s reliance upon the information. The recipient of the information should take such steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any times without notice or obligation to the recipient from Century 21. E&OE
