909 Fairview Road Penticton, BC V2A 5Z1
Listing Courtesy of:  CREA / Listed By: Chamberlain Property Group Inc.

  909 Fairview Road Penticton, BC V2A 5Z1

Active (113 Days)
$3,250,000 (CAD)
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Description

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:41440)

MLS®:
10386430
Taxes
$14,703
Lot Size
0.34 acres
Type
Multifamily
Year Built
1960
County
Okanagan-Similkameen

Listed By

John Green, Chamberlain Property Group Inc.
Source
CREA
Last checked Aug 28 2026 at 5:41 AM EDT
Bathroom Details
Heating and Cooling
  • Wall Unit
Utility Information
  • Sewer: Municipal Sewage System
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled
by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 8/27/26 22:41

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