Investment Property
For Sale
  • Multifamily

    • Artium Student Residence

    125 Dundas Road, Kelowna, BC V1X 3X6 Canada
    Investment Property
    For Sale
  • Multifamily

    • Artium Student Residence

    125 Dundas Road, Kelowna, BC V1X 3X6 Canada
    Lot Size
    19,471 SF
    Lot Size
    19,471 SF

    OVERVIEW

    Cushman & Wakefield and Royal LePage Kelowna Commercial presents investors the opportunity to acquire a 100% freehold interest in Artium Student Residence, located at 125 Dundas Road, Kelowna, BC (the “Property”), a 23-unit, 97-bed off-campus student housing facility comprised of three, four, and five-bedroom units. Strategically positioned in Kelowna’s Rutland neighbourhood, the Property has remained in excellent condition since it’s construction in 2017. The prime location along a major bus route with service to UBCO, Okanagan College, and Downtown Kelowna combined with a plethora of nearby retail amenities offers students an unmatched lifestyle of convenience and connectivity.

    CONTACT

    Key Features
    • Property is held in a bare trust nominee which an investor may elect to acquire to avoid Property Transfer Tax (“PTT”)
    • Unique opportunity to consistently increase rental revenue due to higher tenant turnover – 63% and 56% in 2023 and 2024, respectively

    Details

    Sale Price:
    $12,900,000 CAD
    Lot Size:
    19,471 SF

    CONTACT

    Artium Student Residence

    AVAILABILITIES

    SORT: AVAILABLE SPACE

    LOCATION

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