Newly Constructed Off-Campus Student Housing Asset Mixed with Retail Units at Grade
225 Rutland Road South, Kelowna BC
RLK Commercial and Cushman & Wakefield ULC (“C&W”) is pleased to present to the market a 100% freehold interest in one of the Okanagan Valley’s most recently completed student housing facilities, Robson Mews, located off-campus at 225 Rutland Road South, Kelowna, BC (the “Property”).
Robson Mews is a highly coveted mixed-use investment asset offering 22 suites with 83 rentable student beds. The 4-storey midrise building is constructed upon a 19,036 square foot lot, and includes three ground floor commercial units in addition to onsite student amenity rooms. Located a short 10-minute drive from UBC-Okanagan and Okanagan College, Robson Mews provides investors with the opportunity to acquire a professionally managed and recently constructed student housing asset in a highly desirable location with escalating upside in rents situated in a rapidly growing city that benefits from strong economic diversification.
Average Rent Per Unit: $3,041
Average Rent Per SF: $2.94
Average Unit Size: 1,026 SF
Combined NRA: 27,102 SF
- Recently built and fully occipied
- In-building amenity spaces
- Desirable composition of student suites
- Growth orientated market
- Strong economic fundamentals
- Strategic student location
Positioned on the Northwest corner of Robson Road East and Rutland Road South, Robson Mews is in the centre of Kelowna’s two largest post-secondary institutions, UBC Okanagan and Okanagan College boasting over 11,000 and 8,400 students respectively. There are plenty of walkable amenities within the area including, restaurants, grocery stores, banks and retailers where residents can benefit from close-at-hand comforts. At 2 blocks south of Kelowna Rock Creek Highway (Highway 33) and a 12-minute drive to Kelowna International Airport, residents at Robson Mews can enjoy convenient travel access in and out of town. This prime location offers all the modern-day conveniences that will nurture and nourish the student lifestyle and offer the on-site features for residents to pursue a greater academic experience.
- Education hub with over 30,000 post secondary students
- 10 Minute drive to UBC Okanagan and Okanagan College
- 2 Minute walk to retail amenities
- Easy access to Big White Ski Resort along Highway 33
- Less than 15 minutes from Kelowna International Airport
RLK Commercial has been retained on an exclusive basis, in collaboration with Cushman & Wakefield to arrange for the sale of Robson Mews, and is contacting prospective purchaser’s in order to determine their interest in the acquisition opportunity.
A detailed Confidential Offering Memorandum (“COM”), financial information, property reports, and a gallery of photos is available for review to qualified investors upon receipt of a signed Confidentiality Agreement (“CA”). Property tours will be conducted by appointment only. Please contact the listing agents noted for further information regarding access to the CA and due diligence information and offering guidelines.