Purpose Built Apartment Building For Sale

Presenting a rare opportunity to acquire a modern, purpose-built rental apartment asset in the highly desirable Merritt Bench area, this 75-unit building was constructed in 2023 and offers a well-balanced suite mix of studio, one bedroom, two-bedroom, and three-bedroom homes. Situated on a substantial 2.06-acre site, the property comprises approximately 52,103 SF of net rentable area and is positioned under R8 High Density Residential zoning, with a 4-storey building form and potential share purchase structure. The building has been thoughtfully designed for operational efficiency, tenant comfort, and long-term asset durability. Features include fully sprinklered construction, elevator service, gym, table tennis room, media room, individually metered suite hydro, app-controlled fob and biometric access, in-suite laundry, private balconies and patios, and high-end interior finishes throughout. Its strategic location provides strong connectivity to shopping, restaurants, schools, recreation, downtown Merritt, and major highway routes, supporting both tenant retention and long-term rental demand. This is a compelling multifamily investment opportunity offering modern construction, scale, strong fundamentals, and a prime position within one of Merritt’s most established residential neighbourhoods.