For Sale · Specialty

1191 APEX MOUNTAIN Road Unit# 300, Penticton

1191 APEX MOUNTAIN Road Unit# 300, Penticton, BC V0X1K0

$296,900 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

86%

Year Built

1981

About this property

JUST IN TIME FOR SKI SEASON! Welcome to The Strayhorse at Apex Mountain Resort, where mountain adventure meets easy, low-maintenance living. This top-floor corner condo offers 740 sq ft with 2 bedrooms and a 4-piece bathroom, and it’s sold fully furnished, so you can arrive with your skis and start enjoying the season. Ski trail access is right across the street. After a day on the slopes, warm up by the electric fireplace or step out onto one of two balconies, facing east and north, with a glimpse of the ski hill from the east side. The kitchen comes equipped with a fridge, stove and dishwasher. You’ll also have a secure underground parking stall close to the stairs, a storage locker for your gear and coin-operated laundry on the first floor. The building has seen major upgrades, including the roof, windows and doors, with new siding nearing completion. Pet and rental friendly (buyer to confirm current bylaws), it works equally well as a personal retreat, a four-season getaway or a seasonal rental. You’re close to the lifts and the village, with the Gunbarrel Saloon, cross-country ski trails and the forest skating loop all nearby. Come for the skiing, stay for the mountain lifestyle! All measurements are approximate and should be verified by the buyer if deemed important. (id:66811)

Financial sandbox

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Estimate
Purchase price$297K
Down payment30% · $89K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$15K

Annual cash flow

$-1K

Cash-on-cash

-1.21%

DSCR

0.93

Going-in cap

5.18%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

76,473

Households

31,064

Median income

$83,000

Median age

45.9

Daytime population

73,881

5-yr growth

9.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1191 APEX MOUNTAIN Road Unit# 300, Penticton.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.