Property Description
HM Commercial Realty is pleased to present the opportunity to purchase a 5-lot, residential assembly on the Westside Wine Trail. The opportunity may also extend to the neighbouring bare-land property outlined in red below.
The properties are located on the edge of Westbank First Nation’s land on the corner of Boucherie Road and Pritchard Drive. This is leasehold land – 125 years.
HIGHLIGHTS
- 1.037 acres (45,172 SF) between 5 titles on leasehold land (125 years)
- 0.968 acres (42,178 SF) potential expansion on neighbouring property
- 16 tenanted residential units with average rents at $1.65/SF per month
- Zoned MFL – Multifamily Residential Low Density
- Offered at 4.8% Cap Rate with holding income
- Assumable financing available
- Under 5 minutes to Frind Winery, Mission Hill Winery and Quail’s Gate Winery
