42
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$14,200,000
Est. payment /mo
0.62 Acres Lot
New
10 Jim Ogilvie Way Kimberley, BC V1A3G7
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Kimberley
MLS® Listing ID 10354845
Year Built 2023
Lot Size 0.620 Acres
Acres 0.62
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Prime Investment Opportunity – Newly Constructed 39-Unit Multi-Family Apartment Step into a turn-key investment with this brand-new, purpose-built 39-unit apartment complex, offering a modern, low-maintenance asset with immediate income and long-term upside. Designed for broad rental appeal, the unit mix includes: 12 Three-Bedroom Units 9 Two-Bedroom Units 18 One-Bedroom Units Each unit is thoughtfully designed with quality finishes, functional layouts, and modern amenities to attract and retain tenants. The property features designated parking for all units and individual storage opportunity, increasing convenience for residents. This investment features a Gross Annual Rental Income of Approx. $860,000 with a Cap Rate of 5%. The New Construction means low maintenance with strong depreciation benefits. This property is ideal for investors seeking stable cash flow and long-term asset appreciation. Kimberley boasts strong market fundamentals with limited Inventory thus Increasing Demand, desirable Lifestyle Migration, and growing Population. It is a market with solid rental yields, room for capital appreciation, and a quality of life draw that fuels demand. It's an ideal time to get in ahead of further growth, especially as lifestyle-driven migration and tourism continue to surge. Compared to over-saturated markets, Kimberley offers competitive cap rates for well-positioned income properties with the demand for quality rental sites outpacing supply. (id:24570)
Location
Province BC
Zoning Multi-Family
Rooms
Kitchen 0.0
Interior
Cooling Wall unit
Flooring Laminate
Exterior
Parking Features No
Community Features Family Oriented, Pets Allowed, Rentals Allowed
View Y/N No
Roof Type Unknown
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Rockies West