88 CECIL PLACE, 100 Mile House | $4,000,000

36 Rental units on one property!! Great central location in 100 Mile with 12.5 acres of land zoned medium density R4 thus allowing for further and future development of over 150 units! Offered at a 6% cap rate with tons of upside - owners have maintained zero vacancy for years with a waitlist for units that come available. Just a short walk from restaurants, grocery store, and all town amenities, yet tucked back in its own quiet corner making it a desirable spot to live. Confidentiality agreement required - start planning.

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Description

36 Rental units on one property!! Great central location in 100 Mile with 12.5 acres of land zoned medium density R4 thus allowing for further and future development of over 150 units! Offered at a 6% cap rate with tons of upside - owners have maintained zero vacancy for years with a waitlist for units that come available. Just a short walk from restaurants, grocery store, and all town amenities, yet tucked back in its own quiet corner making it a desirable spot to live. Confidentiality agreement required - start planning.

General Info

MLS Listing ID: C8075636 Bedrooms: 0 Bathrooms: 0 Year Built: 0
Parking: N/A Heating: N/A Lotsize: 12.5 ac Air Conditioning : N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .