5662 Hightide Avenue, Sechelt, BC

Introducing Inlet Apartments?a rare investment opportunity located just four blocks from Sechelt's vibrant town center. This well-maintained, 21-unit building, built in 1987 on three city lots, offers 20 spacious two-bedroom units and 1 studio, with free parking and convenient access to major retail, hospitals, and schools. With a live-in manager ensuring regular upkeep and renovations during tenant turnover, this property offers significant upside potential, boasting a 78% gap to market rents. Additional value-add opportunities through strategic capex investments make Inlet Apartments a compelling prospect for savvy investors looking to capitalize on Sechelt?s growth.

• 20 two-bedroom, one bath suites and one studio suite
• 16 suites are approx. 825 sq.ft. and each have their own balcony and storage area
• 4 suites are ?penthouses? approx. 900 sq.ft. with a large roof balcony and storage room
• 20 of the 21 suites have electric baseboard heat and own hot water tanks
• On-site property manager who has lived in the building for 20 years
• Owners are the original builders of Inlet Apartments, in 1987