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Larson Place 200 Nickel Rd 19 Unit Apartment Building For Sale Kelowna, BC V1X 4G6
Investment Highlights
- New construction multifamily asset offering family-style rental housing in a market characterized by low vacancy rates.
- Centrally positioned near a wide range of amenities in Rutland, with immediate access to Kelowna Rock Creek Highway and Okanagan Highway.
- Condo-quality interiors featuring modern finishes, dishwashers, in-suite laundry, forced air, and full air conditioning for superior tenant appeal.
- Current rents are below market, creating significant upside potential through mark-to-market adjustments.
Executive Summary
A newly constructed modern rental townhome complex in the Rutland neighborhood of Kelowna, featuring spacious two- and three-bedroom units, with under market rents and the opportunity for positive leverage investment.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 19 | Lot Size | 0.84 AC |
| Property Type | Multifamily | Building Size | 25,831 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2019 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 25,831 SF |
| No. Stories | 2 |
| Year Built | 2019 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
| 3+2 | 10 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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Larson Place | 200 Nickel Rd
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