200-220 Nickel Road,

Multi-family For Sale in Kelowna, British Columbia

19 unit townhouse complex built in 2019. 33,089 square feet of rentable area. Price per unit $468,000 = $269 per square foot. 4.3% cap rate. 0 vacancies in the past year. Current annual income is $437,000 per year. Home warranty. Approved City of Kelowna Revitalization Tax Exemption Program, Bylaw #9561 expires in 2029. 2 storey units with basements, stainless steel appliances, fenced yards, 2 parking stalls per unit. 3 bedroom/2.5 bath units, 3 bedroom plus den/2.5 bath units, 2 bedroom/1.5 bath units & 2 bedroom plus den/2.5 bedroom units. (id:4069)
Address 200-220 Nickel Road,
List Price $8,900,000
Property Type Multi-family
Type of Dwelling Row / Townhouse
Area British Columbia
Sub-Area Kelowna
Lot Size 0.83 Ac.
Year Built 2018
MLS® Number 10220465
Listing Brokerage RE/MAX Kelowna
Postal Code V1X0A5

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