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340 Bundock Av 44 Unit Apartment Building $7,300,000 CAD ($165,909 CAD/Unit) 4.76% Cap Rate Duncan, BC V9L 3N9
Investment Highlights
- Attractive suite mix with spacious units and rental upside through tenant turnover, with potential for additional suites subject to approvals.
- Generous on-site parking provides convenient access for residents and visitors.
- Well-maintained property with recent upgrades including the elevator, roof, and decks, minimizing near-term capital needs.
- Central Duncan location near shopping, dining, employment centers, services, and major transportation routes.
Executive Summary
Colliers is pleased to offer for sale a 100% interest in White House Apartments, a very well-maintained 44-unit apartment building with below market rents centrally located in Duncan BC.
Property Facts
| Price | $7,300,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $165,909 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.94 AC |
| Cap Rate | 4.76% | Building Size | 40,999 SF |
| No. Units | 44 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | ||
| Zoning | MDR - Medium Density Residential | ||
| Price | $7,300,000 CAD |
| Price Per Unit | $165,909 CAD |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 40,999 SF |
| No. Stories | 3 |
| Year Built | 1967 |
| Zoning | MDR - Medium Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
| 2+1 | 13 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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340 Bundock Av
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