Kumaken Apartments
Surrey, British Columbia
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 2005
- Building size (SF) 34,437
- Price $1 CAD
Overview
The Avison Young Multi-Family Team is pleased to market for sale 2151 151A Street, Surrey, BC (the “Property”). The Property comprises a 34-unit strata-titled wood-frame rental apartment building built in 2005. Units range from 684 sf to 1,283 sf and all two-bedroom units include two bathrooms. The Property offers significant rental upside through natural tenant turnover and also provides the ability to sell off the individual strata-titled units providing the investor with multiple investment strategies.
Highlights
Individual strata-titled suites
Each unit contains in-suite laundry, dishwashers, and electric fireplaces
All two-bedroom units contain two bathrooms
Large units with an average unit size of 1,013 sf
Extremely well-maintained common areas and suites
Potential property transfer tax savings (held in a bare trust)
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