10 Jim Ogilvie Way, Kimberley | $14,200,000 | MLS® 10354845
Barry Benson Agent Photo
Barry
Benson
C. (250) 342-5809
P. (250) 342-5599
Phone Barry www.barrybenson.ca
ROYAL LEPAGE ROCKIES WEST
492 Hwy 93/95
Invermere, BC
Canada V0A 1K2
MLS® 10354845

Details

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Years (35 year max)
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Address 10 Jim Ogilvie Way
AreaKootenay
Sub AreaKI - Kimberley
CityKimberley
State/ProvinceBritish Columbia
CountryCanada
Price$14,200,000
Property Type12+ Units
Building NameHarvest Apartments
Lot Size0.62 Acres
WaterfrontNo
Year Built2023
Taxes $57,508
Tax Year2025
MLS® #10354845

Prime Investment Opportunity – Newly Constructed 39-Unit Multi-Family Apartment Step into a turn-key investment with this brand-new, purpose-built 39-unit apartment complex, offering a modern, low-maintenance asset with immediate income and long-term upside. Designed for broad rental appeal, the unit mix includes: 12 Three-Bedroom Units 9 Two-Bedroom Units 18 One-Bedroom Units Each unit is thoughtfully designed with quality finishes, functional layouts, and modern amenities to attract and retain tenants. The property features designated parking for all units and individual storage opportunity, increasing convenience for residents. This investment features a steady gross income with a Cap Rate of 4.6%. The New Construction means low maintenance with strong depreciation benefits. This property is ideal for investors seeking stable cash flow and long-term asset appreciation. Kimberley boasts strong market fundamentals with limited Inventory thus Increasing Demand, desirable Lifestyle Migration, and growing Population. It is a market with solid rental yields, room for capital appreciation, and a quality of life draw that fuels demand. It’s an ideal time to get in ahead of further growth, especially as lifestyle-driven migration and tourism continue to surge. Compared to over-saturated markets, Kimberley offers competitive cap rates for well-positioned income properties with the demand for quality rental sites outpacing supply.

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About

Whether you are looking for a comfortable place to retire or a beautiful spot for recreation, the Columbia Valley is an ideal place to call home. With Royal LePage Rockies West Realty, I am dedicated to helping you find the best home, lot, acreage, or condo that fits your needs.  Helping you is what I do!