Wallinger Apartments
Kimberley, BC
FOR SALE
Avison Young is pleased to market for sale Wallinger Apartments located on the corner of Ross Street and Wallinger Avenue at 310 Wallinger Avenue, Kimberley, BC (the “Property”). The Property has been extensively renovated and upgraded since 2020 and features twenty (20) rental apartment units and 6,100 sf of commercial space. Kimberley is recognized as one of the fourteen (14) resort municipalities in BC allowing for nightly, short- and long-term rentals providing flexible operational opportunities for an investor. The Property is a 19-minute drive from the Canadian Rockies International Airport and a short 4-minute drive to the base of the Kimberley Alpine Resort.
Opportunity Highlights
More than $1,000,000 in completed capital upgrades
Kimberley Alpine Resort is a year-round recreational haven including skiing, snowboarding, golfing, hiking and more!
CMHC financing in-place resulting in low equity requirement ($4.128M at 4.07% for 10 years)
Offered well-below replacement cost
All twenty (20) apartment units have been extensively renovated including new appliances, in-suite laundry and more!
Large 17,996 sf corner lot with rear surface parking
Superb location with convenient access to Shoppers Drug Mart, Save-On-Foods, BCLiquor and more!
NOI (Actual): $293,731 (5.65% cap rate) | Stabilized (Fully-leased): $395,965 (7.61% cap rate)
