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520 Westminster Avenue W, Penticton
2024-09-16
Quick Summary
- Location
- 520 Westminster Avenue W, Penticton, British Columbia V2A1K6
- Price
- $1,399,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 7350ft2
- Year of Construction:
- 1975
MLS®#10324057
Property 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. (id:32467)
Property Features
Building
- Appliances: Refrigerator, Range - Electric
- Cooling Type: Wall unit
- Exterior Finish: Brick, Stucco
- Fireplace: No
- Interior Size: 7350 sqft
- Building Type: Multi-Family
- Stories: 2.5
- Utility Water: Municipal water
Land
- Land Size: 0.14 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Royal Lepage Locations West
Listing information last updated on: 2024-09-16 20:41:50
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
Yes, and yes.
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