Forest Creek Manor
901 Forestbrook Drive, Pentiction
Forest Creek Manor is a four storey 31-suite apartment building located in sunny Penticton, BC. The property features balconies, parking, storage and a great suite mix (10-1Br and 21-2Br units). Rents significantly below market.
Forest Creek Manor is located in sunny Penticton, BC. Penticton is situated between Okanagan Lake and Skaha Lake, in the Southern Okanagan region of BC and offers an exceptional lifestyle. Beautiful lake beaches, award winning wineries, golf courses and the Apex Ski Resort characterize this Okanagan community.
Specifically, the subject is situated on the north side of Forestbrook Drive between Ontario and Kensington Streets, with Penticton Creek forming the north property line. There are two schools within 1km and Okanagan Lake is just minutes away by car.
- Four storey wood-frame building featuring 31 suites
- Electric baseboard heat, hot water & cable TV supplied by building
- Hot water provided by 2 electric 405 litre tanks
- Parking: 27 stalls at rear (2 covered)
- Elevator service provided by Thyssen
- Workshop/storage area
- Suites feature balconies & exterior AC wall-mounted units
- Laundry rooms contain 1 washer/1 dryer (owned) on 2nd, 3rd, & 4th floors
- Long term caretakers who provide “handyman” services
- Building requires some TLC
|No. units||Average rent|
|One Bedroom||No. units10||Average rent$568|
|Two Bedroom||No. units21||Average rent$675|
|Financing||Treat as clear title.|
|Income and expenses|
Net operating income
|Notes||For a current rent roll and expense statement, click here.|
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.