- ©MLS 10388032
Description
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:48970) Show More
Details
- Constructed Date: 1969
- Property Type: Multi-family
- Type: Multi-Family
- Access Type: Easy access
- Neighbourhood: Main North
Ammenities + Nearby
- Park
- Recreation
- Schools
- Shopping
- Park
- Recreation
- Schools
- Shopping
Features
- Smoke Detector Only
- Baseboard heaters
Location
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Data provided by: Okanagan-Mainline Real Estate Board