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Cap Rate over 6% at list price. 631 Burns Street, Penticton, Real Estate, Home for

By Raymond MAASKE

Commercial Real Estate Agent with BusCom Real Estate Services

January 21, 2011 03:05 AM

631 Burns Street
Penticton, BC v2a1a1
Cap Rate over 6% at list price.

Raymond MAASKE, BBA, CCC, ATM-B

Direct:	250.488.8764
Website:	Visit Website

Price	:	$599,995
Bedrooms	:	6
Bathrooms	:	6
Square Foot	:	4,212
Lot Size	:	9,147
County	:	Okanagan
Property Type	:	Income
Year Built	:	1968

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Property Description

6 Unit Revenue Investment apartment building in the downtown core of Penticton BC (631 Burns Street) offering lots of long-term potential. Burns Place is a Thee storey building with Two- 559 sqft one bedroom apartments on each floor. Burns Place has been partially renovated and so offers many options to the new owner. Burns Place is on one of two lots [92.24'*100'] so another 6 or more units could be build based on original plans (subject to current bylaws) or you can utilize the extra place and other outbuilding with your own ideas. Owners will consider partial trade for larger Revenue property. Gross Income: $45,000.