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Investment Highlights

  • Well balanced suite mix of studio, 1, 2 & 3 bedroom homes
  • Modern construction, strong fundamentals, desirable residential location
  • Prime location with connectivity to shops, restaurants, schools and highways

Executive Summary

Presenting a rare opportunity to acquire a modern, purpose-built rental apartment asset in the highly desirable Merritt Bench area, this 75-unit building was constructed in 2022 and offers a well-balanced suite mix of studio, one bedroom, two-bedroom, and three-bedroom homes. Situated on a substantial 2.06-acre site, the property comprises approximately 52,103 SF of net rentable area and is positioned under R8 High Density Residential zoning, with a 4-storey building form and potential share purchase structure. The building has been thoughtfully designed for operational efficiency, tenant comfort, and long-term asset durability. Features include fully sprinklered construction, elevator service, gym, table tennis room, media room, individually metered suite hydro, app-controlled fob and biometric access, in-suite laundry, private balconies and patios, and high-end interior finishes throughout. Its strategic location provides strong connectivity to shopping, restaurants, schools, recreation, downtown Merritt, and major highway routes, supporting both tenant retention and long-term rental demand. This is a compelling multifamily investment opportunity offering modern construction, scale, strong fundamentals, and a prime position within one of Merritt’s most established residential neighbourhoods.

Property Facts

Sale Type Investment
No. Units 75
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 2.06 AC
Building Size 68,832 SF
No. Stories 4
Year Built 2022
Parking Ratio 1.55/1,000 SF
Zoning R8 - High Density Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 45 - -
2+1 11 - -
2+2 16 - -
3+2 3 - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
  • Listing ID: 41098680

  • Date on Market: 2026-06-29

  • Last Updated:

  • Address: 4010 Walters St, Merritt, BC V1K 0C1

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