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  • 328 NANAIMO Avenue W in Penticton: Multi-family for sale : MLS®# 10375800

    328 NANAIMO Avenue W Penticton V2A 1N7
    Main Photo: 328 NANAIMO Avenue W in Penticton: Multi-family for sale : MLS®# 10375800
    $2,890,000
    Multi-family
    Status:
    Active
    MLS® Num:
    10375800
    Welcome to a rare investment opportunity in the heart of beautiful downtown Penticton. This well-maintained 11-unit apartment building sits on three separate titles and offers a strong, diversified unit mix: 7 one-bedroom suites, 3 two-bedroom suites, and 1 studio apartment. Currently generating a 4.71% cap rate, this property provides immediate, stable returns with future upside potential. A major highlight of this offering is the 2.7% assumable CMHC-insured mortgage (OAC) — an exceptional financing opportunity in today’s market that significantly enhances cash flow and overall return on investment. Each unit features its own private deck or patio—perfect for enjoying the renowned Okanagan weather. The building has seen numerous updates over the years, including a new roof in 2019. All suites are equipped with newer hot water tanks, air conditioning, and individual electric meters, with tenants paying their own hydro—helping to keep operating costs in check. Additional highlights include convenient coin-operated laundry and the benefit of a long-term live-in caretaker who manages the day-to-day operations, making this a truly turnkey investment. With stable, long-term tenants in place and rents currently below market value, this very clean and easy-to-manage property offers solid cash flow today and excellent upside potential for investors looking to expand their portfolio in one of Penticton’s most desirable locations. (id:2493) More details
    Listed by Chamberlain Property Group
  • 341 HAYNES Street in Penticton: Multi-family for sale : MLS®# 10375774

    341 HAYNES Street Penticton V2A 5S1
    Main Photo: 341 HAYNES Street in Penticton: Multi-family for sale : MLS®# 10375774
    $2,299,000
    Multi-family
    Status:
    Active
    MLS® Num:
    10375774
    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 5.21%. 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:2493) More details
    Listed by Chamberlain Property Group
  • 716 3RD Avenue in Keremeos: Multi-family for sale : MLS®# 10366120

    716 3RD Avenue Keremeos V0H 1N2
    Main Photo: 716 3RD Avenue in Keremeos: Multi-family for sale : MLS®# 10366120
    $869,000
    Multi-family
    Status:
    Active
    MLS® Num:
    10366120
    FANTASTIC OPPORTUNITY - CAP RATE 5.87% - Be a land baron for under $900,000 - 2 two-bedroom and 4 one-bedroom units on 2 levels. on a 0.331 AC lot. Well organized property with tons of future potential. Metal roof, on demand hot water system, Entry is controlled from enter phone, Electrical is the responsibility of the tenants, parking is ample and open. Storage available for all units. 1/2 the units upgraded, rental increase possible, lots of potential. City water, private septic. Private lot with tall hedges. Investment-wise, Great rate of return. The location is central to schools, downtown, and to the highway. (id:2493) More details
    Listed by Chamberlain Property Group
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Data was last updated February 17, 2026 at 03:45 AM (UTC)
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