- For Sale $5,200,000
- Property Type Other
- Units 20
- Date Updated Feb 21, 2025
Avison Young is pleased to market for sale Wallinger Apartments located on the corner of Ross Street and Wallinger Avenue at 310 Wallinger Avenue, Kimberley, BC (the “Property”). The Property has been extensively renovated and upgraded since 2020 and features twenty (20) rental apartment units and 6,100 sf of commercial space. Kimberley is recognized as one of the fourteen (14) resort municipalities in BC allowing for nightly, short- and long-term rentals providing flexible operational opportunities for an investor. The Property is a 19-minute drive from the Canadian Rockies International Airport and a short 4-minute drive to the base of the Kimberley Alpine Resort.
Reach out to the broker for more info on lease terms and amenities
Highlights
- More than $1,000,000 in completed capital upgrades
- Kimberley Alpine Resort is a year-round recreational haven including skiing, snowboarding, golfing, hiking and more!
- CMHC financing in-place resulting in low equity requirement ($4.128M at 4.07% for 10 years)
- Offered well-below replacement cost
- All twenty (20) apartment units have been extensively renovated including new appliances, in-suite laundry and more!
- Large 17,996 sf corner lot with rear surface parking
- Superb location with convenient access to Shoppers Drug Mart, Save-On-Foods, BCLiquor and more!
- NOI (Actual): $293,731 (5.65% cap rate) | Stabilized (Fully-leased): $395,965 (7.61% cap rate)
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Contacts
Location
Getting Around
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Walk Score ®
70/100
Somewhat Walkable
-
Bike Score ®
64/100
Bikeable
- City Kimberley, BC
- Neighborhood Kimberley
- Postal Code 114
Points of Interest
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Kimberley’s Underground Mining Railway
0.37 miles
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Shell
0.09 miles
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FLO
0.13 miles
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Fas Gas
0.18 miles
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Esso
1.49 miles
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Gas Plus
1.85 miles
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Petro-Canada
3.50 miles
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Polaris Lodge
1.01 miles
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Mountain Spirit Resort
1.06 miles
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Trickle Creek Lodge
1.06 miles
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Northstar Mountain Village
1.32 miles
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Western Lodge
1.45 miles
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A&W
0.08 miles
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Subway
0.08 miles
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Biscuit: A Place To Sup
0.12 miles
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Stonefire Pizzeria
0.13 miles
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Deer Park Diner
0.14 miles
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Burrito Grill
0.17 miles
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2 J's Cafe
0.83 miles
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Buckhorn & Main
1.05 miles
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Blarchmont
0.92 miles
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First Steps
0.16 miles
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Second Steps
0.90 miles
Frequently Asked Questions
The space currently listed for sale at Wallinger Apartments asks for $5,200,000.
Wallinger Apartments totals 25,819 square feet.
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