Golden Vista Suites
375 Cherry Ave, Kamloops
Sold for $2,675,000
$2,675,000
Sale Price
23
Condo Units
2010
Year Built
5.25%
Cap Rate
DESCRIPTION
Sold Golden Vista Suites, 375 Cherry Ave, Kamloops for $2,675,000.
Golden Vista Suites is a multifamily building with newly constructed seniors rental units. The sale included 23 strata-title units out of the total 46 units in the building.
At time of sale, occupancy was 100%. There was no history of vacancy since construction in 2010. Location is perfect for seniors: all amenities are a close walk. Building has a modern elevator. Units have electric baseboard heat and individual air conditioning units.
Golden Vista Suites benefits from strong rental numbers, a growing seniors population in Kamloops, excellent location on the north shore and exceptional build quality.
Property sold for 97% of asking price!!
SPECIFICATIONS
Property Type · Apartment Building
Price Per Unit · $116,304
Lot Size · 33,396 Sq Ft (0.91 Acres)
Rentable Area · 9,154 Sq Ft
Elevator · One Elevator in the Building
Parking · 20 Surface Parking Spaces
HIGHLIGHTS
Brand New Purpose-Built Rental Apartment for Seniors
Excellent Location with Convenient Amenities
Air Conditioning and Elevator in the Building
LOCATION
375 Cherry Avenue
Kamloops, BC V8J 2V8
Legal Description
Multiple Strata Lots in Plan KAS3777 District Lot 255 Land District 2 Land District 25 & OF DL D GROUP 2 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V
PID
Strata Titled