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524 JERMYN Avenue

$3,900,000 |  Beds |  Baths |

524 JERMYN Avenue

MLS #194671

Property Description

Well kept Apartment block in Penticton. Shows a high level of care by the owner with numerous upgrades including fresh paint, new trim in the common areas. Updated vinyl decking and many suite updates as they turnover. Grandview Manor is a 20 unit residential apartment block strategically located close to downtown with grocery, beach and restaurants within walking distance. Level location with 20 parking spaces plus street parking. Strong unit mix of suites with 8-2 bedroom, 10-1 bedroom and 2 studio suites. 1 & 2 bedroom units above the ground floor have private decks. Separately metered electric in each unit. Water and Hot water are common. Garbage and recycling bins onsite. Coin operated laundry on 2nd and 3rd floors. Following several unit upgrades in recent years new rents are being achieved. Considerable upside potential as the unit's turnover. Elevator regularly maintained by KONE. Boiler tank updated in 2017. (id:47466)

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MLS® Number:194671
Full Address:524 JERMYN Avenue, Penticton, British Columbia, V2A2E1
Built In:1972
List Date:June 1st, 2022
Lot Size:0.400 ac|under 1.000 acre

Property Specifications

Ownership Type:Freehold
Utility Sewer:Municipal sewage system
Water Service:Municipal water

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Agent: Jim McKillop | Office: Chamberlain Property Group
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