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Gwillim Gardens

$ 6,967,000

5133 & 5137 50th Street,

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Property Id : 28959
Price: $ 6,967,000
Property Lot Size: 2.11 ac
Year Built: 1980
Units: 60
PID: 008-069-336 | 008-069-328
Zoning: RM2
Cap Rate: 10.8
Exterior Material: Hardie Board Siding
Structure Type: Wood
Floors No: 3

About this property

Oakwyn Realty presents investors with this exceptional opportunity to acquire the Gwillim Gardens Executive Suites in Chetwynd BC. Conveniently located near the downtown core and a variety of amenities; this fully furnished apartment complex is highly sought after by workers & local residents alike. Spanning a total of 2.11 acres, each of the two 3 storey wood-frame buildings contains 30 units with a mix of 7 one bedroom and 23 two bedroom suites. Originally built in the 1980’s; the buildings have been extensively renovated throughout and show like a newer development. Some upgrades include, the replacement of all windows and doors, every suite stripped down and renovated, new exterior Hardie Board siding, vinyl decks, new railings, newer roof and all hallways and entrances refreshed. With a wait list of potential tenants, a strong northern economy that is currently growing and an asking price below appraised value; Gwillim Gardens is an excellent asset to add to any portfolio.

Amenities and Features

Surface Parking
Central Location
Shared Laundry
Patio or Balconies
Storage in Unit
Cable and Internet Included
Entry System
All Utilities Included


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