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125 Dundas Rd
Kelowna, BC V1X 3X6
The Artium Student Residence · Multifamily Property For Sale
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23 Units
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.
Property Facts
| No. Units | 23 | Lot Size | 0.45 AC |
| Property Type | Multifamily | Building Size | 19,471 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2017 |
| Building Class | B | Parking Ratio | 1.39/1,000 SF |
| Zoning | UC4 - Urban Centre zone | ||
| 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
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