REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,750,000
Est. payment | /mo
1.82 Acres Lot
$ 6,750,000
Est. payment | /mo
1.82 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Creston
MLS® Listing ID 10377636
Year Built 1980
Lot Size 1.820 Acres
Acres 1.82
Property Sub-Type Freehold
Property Description
The Bungalow presents a recently repositioned 38-unit multi-family building located at 1909 Ash Street in Creston, BC. The Property has undergone meaningful improvements and operational enhancements since the owner purchased the property in 2021, now boasting +97% occupancy, healthy turnover allowing strong income growth, surplus floor area offering an exciting opportunity to add +/-5 additional units, and an efficient operational structure emphasizing care-free property management. The building offers functional suite layouts with 73% of units either mostly or fully updated within the last 8 years, attractive on-site amenities including laundry, fitness, storage, library, games room, common living space, outdoor gardens, gazebo and bbq area, and a suite mix that continues to attract consistent tenant demand in a supply-constrained rental market. With demonstrated occupancy stability and strong market rent growth offering further income enhancement potential, this offering represents a rare opportunity to acquire a secure, yield-oriented multifamily asset in one of the Kootenays' most established and defensive communities. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Cooling Central air conditioning, Window air conditioner
Exterior
Parking Features No
Community Features Pet Restrictions
View Y/N No
Total Parking Spaces 40
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Kelowna
Nearby Locations
GET MORE INFORMATION
Follow Us