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520 Westminster Avenue, Penticton, BC, V2A 1K6

MLS® # 10324057


new listing

House For Sale In Penticton

$1,399,000

QuickQuoteTM: Not Available
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
520 Westminster Avenue, Penticton, BC
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520 Westminster Avenue, Penticton, BC, V2A 1K6
$1,399,000

Property Information:

Westminster Apartments consists of 9 units, there are 6-TWO bedroom and 3-ONE bedroom units. Close to Okanagan Lake and Beach, downtown shopping, and endless restaurants within walking distance! Long-term tenants with most living at the complex for 10+ years, so the current rents are low and there is a positive upside that they could be increased over time. The current annual gross rent revenue is $95,500. The building is a little tired and requires a little work! The 2024 assessment value is $1,503,000. Only asking $155,444 per unit.

Property Features:

  • Annual Tax Amount: $8,153
  • Appliances: Electric Range, Refrigerator
  • Built in: 1975
  • Construction Materials: Brick, Stucco, Wood Frame
  • Cooling: Wall Unit(s)
  • Heating: Baseboard, Electric
  • Lot Size: 6054.00 Square Feet
  • Parking Features: Open
  • Water Source: Public
  • Waterfront Features: None
  • Sewer: Public Sewer
  • No. of Parking Spaces: 5

This listing content provided by Association of Interior REALTORS®.

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Location of 520 Westminster Avenue, Penticton, BC, V2A 1K6



Demographic Information of 520 Westminster Avenue, Penticton, BC, V2A 1K6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$80,378.48

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.07 %

High school certificate or equivalent

38.94 %

Apprenticeship trade certificate/diploma

6.9 %

College/non-university certificate

22.69 %

University certificate (below bachelor)

0.27 %

University Degree

13.14 %

Commuter

Travel To Work

By Car

72.74 %

By Public Transit

3.55 %

By Walking

14.87 %

By Bicycle

3.44 %

By Other Methods

5.4 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.8 %

Houses

59.2 %

Own Vs. Rent