Area: British Columbia
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Exceptional multi-family investment opportunity in the heart of downtown Penticton. This 12-unit apartment building offers a well-balanced suite mix consisting of 3 bachelor units, 1 bachelor plus den, and 8 one-bedroom units—appealing to a broad tenant demographic. The property benefits from long-term tenancy and consistent income performance, with a current CAP rate of 5.02%. A roof replacement completed in 2021 enhances the building’s overall stability and reduces near-term capital expenditure risk. Strategically located within walking distance to Okanagan Beach, the downtown core, restaurants, pubs, and the South Okanagan Events Centre, this asset sits in a highly desirable rental corridor with strong, sustained demand. An excellent holding property with stable cash flow and future rental upside potential in one of Penticton’s most walkable and vibrant neighbourhoods. Contact the listing representative for a detailed financial package and additional due diligence information. (id:44056)

Property Details

Full Address:
341 HAYNES Street, Penticton, British Columbia
Price:
$ 2,299,000
MLS Number:
10388032
List Date:
May 19th, 2026
Neighbourhood:
Main North
Lot Size:
0.27 ac
Year Built:
1969
Taxes:
$ 10,531

Interior Features

Heating:
Baseboard heaters, Electric

Building Features

Storeys:
3
Sewer:
Municipal sewage system
Water:
Municipal water
Garage:
Rear, Street
Ownership Type:
Freehold
Taxes:
$ 10,531

Floors

Land

Lot Size:
0.27 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Listing Agent(s)

Listing: Kirk Chamberlain
Chamberlain Property Group
Co-Listing: Tina Johns
Chamberlain Property Group

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