Forest Creek Manor is a four storey 31-suite apartment building located in sunny Penticton, BC. The property features balconies, parking, storage and a great suite mix (10-1Br and 21-2Br units). Rents significantly below market.
Forest Creek Manor is located in sunny Penticton, BC. Penticton is situated between Okanagan Lake and Skaha Lake, in the Southern Okanagan region of BC and offers an exceptional lifestyle. Beautiful lake beaches, award winning wineries, golf courses and the Apex Ski Resort characterize this Okanagan community.
Specifically, the subject is situated on the north side of Forestbrook Drive between Ontario and Kensington Streets, with Penticton Creek forming the north property line. There are two schools within 1km and Okanagan Lake is just minutes away by car.
That part of Lot 4 shown on Plan B4597; District Lot 249 Similkameen Division Yale District Plan 827
- Four storey wood-frame building featuring 31 suites
- Electric baseboard heat, hot water & cable TV supplied by building
- Hot water provided by 2 electric 405 litre tanks
- Parking: 27 stalls at rear (2 covered)
- Elevator service provided by Thyssen
- Workshop/storage area
- Suites feature balconies & exterior AC wall-mounted units
- Laundry rooms contain 1 washer/1 dryer (owned) on 2nd, 3rd, & 4th floors
- Long term caretakers who provide âhandymanâ services
- Building requires some TLC
Financing: Clear title
|Net Operating Income: