1909 Ash Street Creston, British Columbia V0B 1G5
$6,750,000
The Bungalow presents a recently repositioned 38-unit multi-family building located at 1909 Ash Street in Creston, BC. The Property has undergone meaningful improvements and operational enhancements since the owner purchased the property in 2021, now boasting +97% occupancy, healthy turnover allowing strong income growth, surplus floor area offering an exciting opportunity to add +/-5 additional units, and an efficient operational structure emphasizing care-free property management. The building offers functional suite layouts with 73% of units either mostly or fully updated within the last 8 years, attractive on-site amenities including laundry, fitness, storage, library, games room, common living space, outdoor gardens, gazebo and bbq area, and a suite mix that continues to attract consistent tenant demand in a supply-constrained rental market. With demonstrated occupancy stability and strong market rent growth offering further income enhancement potential, this offering represents a rare opportunity to acquire a secure, yield-oriented multifamily asset in one of the Kootenays’ most established and defensive communities. (id:41053)
Property Details
| MLS® Number | 10377636 |
| Property Type | Multi-family |
| Neigbourhood | Creston |
| Community Features | Pet Restrictions |
| Parking Space Total | 40 |
Building
| Constructed Date | 1980 |
| Cooling Type | Central Air Conditioning, Window Air Conditioner |
| Fire Protection | Security System |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| Size Irregular | 1.82 |
| Size Total | 1.82 Ac|1 - 5 Acres |
| Size Total Text | 1.82 Ac|1 - 5 Acres |
https://www.realtor.ca/real-estate/29416489/1909-ash-street-creston-creston
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March 06 2026 03:10:58
Association of Interior REALTORS®
Royal LePage Kelowna
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The HCM group is happy to assist in any way possible on the potential purchase or sale of any property here in the Okanagan Valley. With a history dating back to 1911, we know the area like the back of our hands.