Artium Student Residence
125 Dundas Road

The Opportunity

Cushman & Wakefield presents investors the opportunity to acquire a 100% freehold interest in Artium Student Residence, located at 125 Dundas Road, Kelowna, BC (the “Property”), a 23-unit, 97-bed off-campus student housing facility comprised of three, four, and five-bedroom units.

Strategically positioned in Kelowna’s Rutland neighbourhood, the Property has remained in excellent condition since it’s construction in 2017. The prime location along a major bus route with service to UBCO, Okanagan College, and Downtown Kelowna combined with a plethora of nearby retail amenities offers students an unmatched lifestyle of convenience and connectivity.

Investment Highlights

• Property is held in a bare trust nominee which an investor may elect to acquire to avoid Property Transfer Tax (“PTT”)
• Monthly rent includes unlimited high-speed wifi, 50” Smart TV’s in every suite, fully furnished units and rooms, as well as access to the amenity rooms on each floor which include yoga and fitness rooms, rooftop patio, 24/7 quiet study, and a social lounge
• Significant rental upside upon tenant turnover evidenced by the greater than 7% compound annual growth rate in monthly asking rents from 2022-2024
• Rare opportunity to inherit a best-in-class operational model perfect for investor’s seeking passive investment vehicles
• Artium Student Residences was recently constructed in 2017 by the current owner, and has since been meticulously maintained to an institutional standard
• Unique opportunity to consistently increase rental revenue due to higher tenant turnover – 63% and 56% in 2023 and 2024, respectively
• Thoughtfully designed unit layouts including bathrooms with separated private showers and toilets, and two stainless steel fridges in many of the units

For more information, please contact a member of the exclusive property advisors.