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:35966)
909 Fairview RoadPenticton, British Columbia, V2A5Z1
Listing Details
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
Location
Neighbourhood Details
REALTOR® Details
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