Area: British Columbia
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Well-maintained two-storey apartment building in a prime walkable location — steps from downtown Penticton and all essential amenities. The property comprises 18 one-bedroom units, seven of these have been fully remodelled with updated kitchens, bathrooms, flooring, and paint. Recent capital improvements include a new boiler and pumps, hot water tank, additional laundry appliances, and a refurbished lobby with secure mailboxes. With no balconies or elevator, the building is exceptionally low-maintenance and operationally efficient. More than half the units remain substantially below market rent, and the property re-leases quickly with minimal vacancy exposure — each turnover a mark-to-market opportunity. Strong occupancy underpins stable cash flow, with a projected capitalization rate of 7.31% at full market rents (id:44056)

Property Details

Full Address:
909 Fairview Road, Penticton, British Columbia
Price:
$ 3,250,000
MLS Number:
10386430
List Date:
May 6th, 2026
Neighbourhood:
Main North
Lot Size:
0.34 ac
Year Built:
1960
Taxes:
$ 14,703

Interior Features

Air Conditioning:
Wall unit

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Ownership Type:
Freehold
Taxes:
$ 14,703

Floors

Land

Lot Size:
0.34 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Listing Agent(s)

Listing: John Green
Chamberlain Property Group Inc.
Co-Listing: Natasha Badger
Chamberlain Property Group Inc.

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