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For Sale

 Brightwater Apartments

  • $8,500,000

Salient Details

  • Units 24
  • Suite Mix 1-1 Bedroom, 23-2 Bedroom
  • Lot Size 29,816 sf
  • Net Rentable sf 19,358 sf
  • Year Built 2025
  • Net Income $444,411
  • Cap Rate 5.23%

 Brightwater Apartments

A Brand New 24-Unit Apartment Building Across from the Lake in Osoyoos, BC
5601 Lakeshore Drive - Brochure
Download the Brochure
McEvay Blair Multifamily Group -  Brightwater Apartments - 13 Drone Exteriors 5

Investment Highlights

Energy Efficient New Construction
High quality new-build construction built to BC Step Code 3. Features include energy efficient vinyl and cedar siding and in-suite electric heat pumps and condensers for heating and cooling.
CMHC Financing Being Negotiated
The Developer has a CMHC financing application in-queue with a requested loan amount of $7.6M, minimum 5 year term, 50-year amortization, and a 3.75% ceiling rate.
Luxurious Accommodation
All suites feature wellappointed kitchens with full appliance packages, in-suite washers, and dryers, and luxurious vinyl plank flooring. Storage rooms are located off the balcony or patio with many suites featuring views of Osoyoos Lake. Elevator service and 39 surface stalls are available to tenants.
Rare Offering in the South Okanagan
Apartment buildings are rarely offered for sale in the South Okanagan. Brightwater Apartments is the first rental building constructed in Osoyoos in 20 years and is well positioned to capture the growing demand for rental accommodation in the area.

Gallery

Contact us

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick