Property Overview

  • Status
    Available
  • Address
    Capitol Manor
    1028 Government Street
    Penticton, BC
    Canada
  • # of Units
    26
  • # of Storeys
    4
  • Year Built
    1974
  • PID
    005-724-368
  • Lot Size
    16,355 SQFT
  • Zoning
    RA-2
  • Price
    $5,000,000
  • Building Type
    wood-frame
  • Confidentiality Agreement
  • The Offering

    Cushman & Wakefield ULC is pleased to present the opportunity to acquire 100% freehold interest in Capitol Manor Apartments, located at 1028 Government Street in the South Okanagan’s central employment and commerce hub, of Penticton, BC.


    This 26-unit apartment building gives investors the opportunity to invest into one of the hottest real estate markets in BC.  Centrally located and close to the hospital, parks, schools, retail services, and easy access to the highway makes this a great location for potential tenants.  Penticton is seeing year-over-year rent increases making this investment asset an exceptional value-add property with considerable runway to grow the rental income.

    Investment Highlights

    • Centrally located. minutes away from Penticton Regional Hospital, Penticton College, Penticton Highschool and the Okanagan Lake Beach
    • Below market rents with value-add potential in one of the fastest growing rental markets in BC
    • Preferable suite mix of larger than average unit sizes

     

    For more information on Capitol Manor, please complete a confidentiality agreement form to access the data room or contact the exclusive property advisors.
    David Venance
    Executive Vice President

    David Venance

    Andrew Hutson
    Senior Associate

    Andrew Hutson