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1475 Bertram Street
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1475 Bertram Street $6,100,000
1 day ago
$6,100,000
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1475 Bertram Street
Kelowna, British Columbia V1Y2G3

MLS® Number: 10351068

Listing Description

Great opportunity to purchase a fully leased apartment building in downtown Kelowna that has been upkept and well maintained over the years. Original owners have updated 19 of the 25 units with newer bathrooms/ kitchens, new laminate flooring, refreshed carpets and cabinets. Windows replaced in 2010, elevator updated in 2011, roof replaced in 2015 with improved insulation and intercom system updated and replaced in 2016. All rents are below market value, strong upside as unit's turnover and long term potential for redevelopment. The property is Zoned UC1 (Downtown Urban Centre) allowing for high-Density Mixed-Use Buildings and is surrounded by new developments. Plenty of redevelopment options in future with cash flow in place making this a great long term investment. Share Sale is an option. (38845534)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
3
Neighbourhood Name
Kelowna North
Title
Freehold
Land Size
0.45 ac|under 1 acre
Built in
1981
Annual Property Taxes
$0
Parking Type
Street, Rear, Underground
Time on REALTOR.ca
1 day

Building

Bathrooms
Partial
0
Interior Features
Appliances Included
Refrigerator, Dishwasher, Oven, Washer & Dryer
Flooring
Mixed Flooring
Building Features
Features
Balcony
Present Use
Community Multi-Tenant
Architecture Style
Split level entry
Split Level Style
Other
Fire Protection
Sprinkler System-Fire, Controlled entry, Smoke Detector Only
Heating & Cooling
Cooling
Window air conditioner
Heating Type
(Electric)
Utilities
Utility Type
Cable (At Lot Line), Electricity (At Lot Line), Natural Gas (At Lot Line), Telephone (At Lot Line), Sewer (Available), Water (At Lot Line)
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Unknown (Asphalt shingle)
Exterior Finish
Vinyl siding
Neighbourhood Features
Community Features
Adult Oriented, Rentals Allowed
Amenities Nearby
Public Transit, Park, Recreation, Schools, Shopping
Parking
Parking Type
Street, Rear, Underground

Measurements

Square Footage
28080 sqft

Land

Lot Features
Fencing
Not fenced
Other Property Information
Access
Easy access
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
250-763-2300
Email
Book showing
Colliers
805-1499 St. Paul St.
Kelowna, British Columbia V1Y6P2
250-763-2300
Office Website

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