10 Jim Ogilvie Way, Kimberley, BC, V1A 3G7

MLS® # 10354845

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House For Sale In Kimberley

$14,200,000

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10 Jim Ogilvie Way, Kimberley, BC, V1A 3G7

$14,200,000

Property Information:

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.

Property Features:

Annual Tax Amount: $57,508
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Built in: 2023
Construction Materials: Composite Siding, Modular/Prefab, Metal Siding, Wood Frame
Cooling: Wall Unit(s)
Exterior Features: Balcony, Storage
Flooring: Laminate
Heating: Electric
Lot Size: 0.62 Acres
Parking Features: Open
Roof: Other
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Water Source: Public
Waterfront Features: None
Sewer: Public Sewer

This listing content provided by Association of Interior REALTORS.

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Barry Benson

Broker/Owner Royal LePage Rockies West Realty *

Mobile:250.342.5809

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Market Price Trends

All Properties

0.73%

Price change (1 year)

54.12%

Price change (5 years)

Location of 10 Jim Ogilvie Way, Kimberley, BC, V1A 3G7

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate

14 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

43/100

Moderate

ClimateCheck®

Current data

This property, 10 Jim Ogilvie Way , experiences 7 hot days per year at around 30.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 34.1 degrees Celsius.

Projected Avg. Temperature

Past

30.1℃

2050

34.1℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

14 storms expected in 2050

43/100

Moderate

ClimateCheck®

Current data

This property, 10 Jim Ogilvie Way , experiences 12 significant 2-day storms per year, with about 212.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 252.6mm of precipitation per year.

Precipitation Per Storm

Past

212.2mm

2050

252.6mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 10 Jim Ogilvie Way, Kimberley, BC, V1A 3G7

Life Stage

Families with Tweens

Employment Type

Mixed

Average Household Income

$114,560.63

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.21 %

High school certificate or equivalent

30.72 %

Apprenticeship trade certificate/diploma

10.29 %

College/non-university certificate

22.36 %

University certificate (below bachelor)

3.42 %

University Degree

18.0 %

Commuter

Travel To Work

By Car

88.49 %

By Public Transit

3.68 %

By Walking

3.11 %

By Bicycle

0.56 %

By Other Methods

4.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.43 %

Houses

92.57 %

Own Vs. Rent

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10 Jim Ogilvie Way, Kimberley, BC, V1A 3G7 $14,200,000 MLS® # 10354845