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:2493)More details
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 5.5% 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
Welcome 509 Papineau - a charming 4 bedroom, 1 bath home. This cheery space features an open kitchen, dining and living room space, with hardwood floors throughout the main floor. Two bedrooms, one bath up, this home boasts a lower level, almost doubling the home's square footage. Versatile spaces in the lower level, currently in use as two bedrooms, a family room, laundry and office/hobby space. Fenced backyard with a private pergola covered deck to enjoy outdoor living in the Okanagan. A spacious shed that could be utilized as a workshop, studio space or extra storage, plus access to the paved alleyway complement the backyard space. Walking distance to schools, downtown restaurants, shopping and the beach. Book your showing today and be ready to hit the beach this summer! (id:2493)More details
This home is all about Lifestyle, the Okanagan Lifestyle! This 4 bed / 3 bath beautifully updated home is quietly situated in an incredible view setting. This home has it all: amazing lake & city views, well crafted updates, remarkable outdoor living area, salt water pool & an incredible large shop or personal workout area. The main living area boasts a spacious kitchen with plenty of cabinet & counter space that is well designed for the home chef. Perfect for entertaining or watching dramatic sunrises. This Bright & open concept home has fabulous views throughout. For your Okanagan lifestyle this home has an incredible outdoor living area featuring a salt water pool, outdoor kitchen, covered seating area all taking in the view. Great for lounging & enjoying your favorite beverage! The lower area is warmed by in-floor radiant heat. Contact your realtor for a complete list of the numerous upgrades. Make this house your home today! (id:2493)More details
CLICK TO VIEW VIDEO: Comfort, updates, and walkability come together in this well-kept half duplex just steps from downtown Penticton and Okanagan Lake. 102-538 Alberta Avenue offers three bedrooms, three bathrooms, high ceilings, a bright open living area with gas fireplace and skylight, and a functional kitchen with abundant prep space, cabinetry, and exceptional storage. The light-filled primary bedroom includes its own ensuite, while two additional bedrooms provide flexibility for guests, family, or a home office. Practical updates such as a newer roof and refreshed fencing add to the home’s clean, cared-for feel, and two separate yard spaces offer room for gardening, relaxing, or giving pets space to roam. All with the freedom of no strata fees in a prime central location. (id:2493)More details
3000 square foot renovated building on Main Street in Penticton. Building is very classy has approx 3000 square feet on the main floor and partial unfinished basement. Building is leased to a cannabis retail store, has a good location, some parking, retail space, storage space, washroom and spacious office. If you are looking for a good building in a good location this may be just what you have been looking for. (id:2493)More details
Move-in ready, investment-friendly, and packed with potential—this charming 2-bedroom, 1-bathroom home is an ideal opportunity for both first-time buyers and investors. Whether you’re looking for an affordable entry into the market or a ready-to-go rental, this property checks all the boxes. Set on a 6,970 sq. ft. lot, the home offers a simple, functional layout with 765 square feet of comfortable living space. Outside, the large yard provides plenty of room for RV and boat parking—an increasingly rare bonus that adds real everyday value. With strong appeal for short or long-term rental use, this home is ready to generate income from day one, while still offering the perfect fit for a buyer looking to move in and enjoy. It’s low-maintenance, easy to manage, and positioned for flexibility in how you choose to use it. Located close to hockey and curling rinks, golf courses, schools, beaches, and downtown amenities, you’re never far from what matters most. (id:2493)More details
Discover this updated 1950s character home where timeless charm meets modern comfort. Set on a generous and rare 9,395 sq. ft. lot with convenient lane access, this 4-bedroom plus den, 2-bathroom property offers remarkable versatility—ideal for families, investors, or anyone seeking a home with personality and potential. Thoughtful renovations enhance the home's original appeal while introducing contemporary features for today's lifestyle. There's ample parking for vehicles, an RV, or recreational gear. At the back, a versatile detached 500 sq. ft bonus space awaits with its own private patio area, parking, and a full 3-piece bathroom—perfect for a home office, hobby area, studio, non-conforming guest suite, or private retreat. The flat, fully usable backyard is designed for enjoyment with a refreshing above-ground pool, ideal for gatherings, gardening, or simply soaking up the Okanagan sun. The main deck features a hot tub hook-up, ready for you to unwind under the stars. Irrigation is already in place for easy maintenance. Zoned R4-S, the property offers strong investment possibilities—expand, generate rental income, or create a multi-generational setup with a carriage home. Located in one of Penticton's most desirable neighbourhoods, you're just minutes from sandy beaches, local breweries, and the vibrant farmers' market. This location, property, and home truly define the Okanagan lifestyle. (id:2493)More details
Welcome to the newest and exciting development by Schoenne Homes. This thoughtfully designed 3-bedroom, 3-bathroom home offers over 1,200 square feet of modern living space, featuring 9-foot ceilings on both levels for an open and airy feel. Enjoy a durable and family-friendly flooring package with luxury vinyl plank throughout and carpeted stairs. The stylish kitchen is well-appointed with under cabinet lighting, stunning Frozen Tundra quartz countertops, a 36"" stainless steel fridge with ice and water, and a front-control range with air fry capability, perfect for everyday living and entertaining. Stay comfortable year-round with an efficient ductless split heat pump system (4 heads) and an HRV ventilation system. Cozy up by the 60"" Dimplex linear electric fireplace in the main living area. Additional features include a Stage 2 electric vehicle outlet at your designated parking stall, a spacious front patio ideal for outdoor entertaining, and a fully fenced area perfect for kids and pets. Enjoy peace of mind with a 2-5-10 home warranty, all backed by one of the area’s most respected builders. (Qualified First-Time Homebuyers Pay No GST!) (id:2493)More details
Nestled in Penticton's thriving North End, this commercial property offers opportunities for business owners and developers alike with the current business re-locating shortly. With convenient access to main thoroughfares, and surrounded by complementary businesses, this location is positioned to meet your operational needs and growth aspirations. A generously sized lot with ample space for further development, the property currently has a 3,194 sq.ft, 1 level office & warehouse building, designed to accommodate a variety of business functions. C6 zoning offers a wide range of permitted uses such as multi-family, retail, office, light industrial, and more. This makes the property ideal for businesses looking to expand or establish themselves in a dynamic area. Well-maintained office areas feature open spaces for flexible work environments, complete with bathrooms, staff areas, & access points for easy flow between office & warehouse. The additional building potential offers extra land for development, providing the opportunity to expand with additional buildings, parking, or storage space. Positioned in a growing area with easy access to the rest of Penticton and major highways, the potential for both immediate use and future growth adds significant investment appeal for the savvy investor. Penticton is one of British Columbia’s most desirable places to do business, with a booming population, and an ever-expanding demand for services and products. (id:2493)More details
Prime Investment Opportunity: 3-Bedroom Home with Updated Development Potential Explore this exceptional 3-bedroom, 1-bathroom home, ideally situated on a generous 0.26-acre lot in a highly sought-after city-center location. The property features a flat, accessible layout with ample parking, a detached garage, and dual access via both city streets and a laneway. Inside, the home offers a versatile floor plan, ready for your custom touches. The expansive lot provides a peaceful setting with plenty of space for outdoor living or future expansion. Investor Alert: Recent municipal zoning updates in British Columbia now allow up to four residences per property without requiring additional zoning changes. This makes the property a standout option for developers and investors looking to capitalize on the new regulations. The ability to add multiple residences maximizes the investment potential, transforming this property into a lucrative opportunity in a rapidly evolving market. Don’t miss out on this rare chance to own or develop in one of the city’s most desirable locations. Whether for personal use or as a strategic investment, this property offers endless possibilities. Act now to secure your future in this prime city locale. (id:2493)More details
Experience easy living in this ground-floor end-unit condo, ideally located just minutes from downtown Penticton, Okanagan Lake, beaches, parks, the South Okanagan Events Centre, and the community center. This nicely partially renovated 1-bedroom, 1-bath home features a cozy electric fireplace in the living room, which opens to a covered patio with direct access to the building’s common area—perfect for enjoying the outdoors. The functional kitchen includes a bar area, stove, fridge, and dishwasher, with an adjacent eating area. The spacious primary bedroom also offers patio access and has access to the 4-piece bath. This unit has a stacked washer/dryer which add to the convenience. With lots of street parking for visitors, rentals allowed, and no age restrictions, this fantastic unit is an excellent rental or a place to call home. Sorry, no pets. Contact the listing agent to book your showing! (id:2493)More details
Data was last updated May 19, 2026 at 10:45 PM (UTC)
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