Log In/Sign Up
Your email has been sent.
The Artium Student Residence 125 Dundas Rd 23 Unit Apartment Building $12,900,000 CAD ($560,870 CAD/Unit) 5.54% Cap Rate Kelowna, BC V1X 3X6
INVESTMENT HIGHLIGHTS
- Property is held in a bare trust nominee which an investor may elect to acquire to avoid Property Transfer Tax (“PTT”).
- Significant rental upside upon tenant turnover evidenced by the greater than 7% compound annual growth rate in monthly asking rents from 2022-2024.
- Artium Student Residences was recently constructed in 2017 by the current owner, & has since been meticulously maintained to an institutional standard
- Thoughtfully designed unit layouts including bathrooms with separated private showers & toilets, & two stainless steel fridges in many of the units.
- Rare opportunity to inherit a best-in-class operational model perfect for investor’s seeking passive investment vehicles.
- Unique opportunity to consistently increase rental revenue due to higher tenant turnover – 63% and 56% in 2023 and 2024, respectively.
EXECUTIVE SUMMARY
Cushman & Wakefield 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.
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.
PROPERTY FACTS
| Price | $12,900,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $560,870 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 5.54% | Building Size | 19,471 SF |
| No. Units | 23 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2017 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Zoning | UC4 - Urban Centre zone | ||
| Price | $12,900,000 CAD |
| Price Per Unit | $560,870 CAD |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.45 AC |
| Building Size | 19,471 SF |
| No. Stories | 4 |
| Year Built | 2017 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | UC4 - Urban Centre zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Patio
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Furnished Units Available
- Wi-Fi
- Roof Terrace
- Bicycle Storage
- Community-Wide WiFi
- Lounge
- Private Bathroom
- Study Lounge
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (77)
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Artium Student Residence | 125 Dundas Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.