OFF-CAMPUS STUDENT HOUSING INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF CANADA’S FASTEST GROWING CMA

125 Dundas Road, Kelowna, BC

$14,200,000

For Sale

$14,200,000

For Sale


The Opportunity

Cushman & Wakefield and Royal LePage Kelowna Commercial presents investors the opportunity to acquire a 100% freehold interest in Artium Student Residence, located at 125 Dundas Road, Kelowna, BC (the “Property”), a 23-unit, 97-bed off-campus student housing facility comprised of three, four, and five-bedroom units.

Strategically positioned in Kelowna’s Rutland neighbourhood, the Property has remained in excellent condition since it’s construction in 2017. The prime location along a major bus route with service to UBCO, Okanagan College, and Downtown Kelowna combined with a plethora of nearby retail amenities offers students an unmatched lifestyle of convenience and connectivity.


Property Details

Year 1 NOI $835,578
CAP RATE 5.88%
Unit Mix 3 Bedrooms: 8

4 Bedrooms: 2

5 Bedrooms: 13

Total Units / Beds 23 Units / 97 Beds
Parking 27 Stalls + MODO CarShare on site
Laundry 3 Laundry Rooms
Heat Forced-Air
Air Conditioning Yes

Location Overview

• Perfect location for off-campus student housing which provides connectivity to UBCO, Okanagan College and Downtown Kelowna.

• Bus stops in both directions for bus routes number 8 and 10 are located less than 50 meters from the Property.

• Situated less than 200 meters from the Highway 33/Hollywood Road intersection which is host to a wide range of retail amenities including fast food, grocery stores, drug stores, cannabis and liquor stores, as well as logistical conveniences such as banks and a Canada Post office.


Property Details

Address:

125 Dundas Road, Kelowna, BC

# of Units:

23

Total Building Size:

19,471

Year Built:

2017

Zoning:

UC4

Parking:

27 Stalls + MODO CarShare


BROCHURE


Presented By

Steve Laursen PREC

250.808.8101

Email Steve Laursen PREC

stevelaursen@rlkcommercial.com


Request More Info



Property Details

Year 1 NOI $835,578
CAP RATE 5.88%
Unit Mix 3 Bedrooms: 8

4 Bedrooms: 2

5 Bedrooms: 13

Total Units / Beds 23 Units / 97 Beds
Parking 27 Stalls + MODO CarShare on site
Laundry 3 Laundry Rooms
Heat Forced-Air
Air Conditioning Yes

Location Overview

• Perfect location for off-campus student housing which provides connectivity to UBCO, Okanagan College and Downtown Kelowna.

• Bus stops in both directions for bus routes number 8 and 10 are located less than 50 meters from the Property.

• Situated less than 200 meters from the Highway 33/Hollywood Road intersection which is host to a wide range of retail amenities including fast food, grocery stores, drug stores, cannabis and liquor stores, as well as logistical conveniences such as banks and a Canada Post office.