909 Fairview Road Penticton, British Columbia V2A 5Z1
$3,250,000
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:36541)
Property Details
| MLS® Number | 10386430 |
| Property Type | Multi-family |
| Neigbourhood | Main North |
Building
| Constructed Date | 1960 |
| Cooling Type | Wall Unit |
| Fire Protection | Security |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.34 |
| Size Total | 0.34 Ac|under 1 Acre |
| Size Total Text | 0.34 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/29712378/909-fairview-road-penticton-main-north
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Contact us for more information
201-3115 Skaha Lake Rd.
Penticton, British Columbia V2A 6G5
(778) 476-7778
www.chamberlainpropertygroup.ca/
201-3115 Skaha Lake Rd.
Penticton, British Columbia V2A 6G5
(778) 476-7778
www.chamberlainpropertygroup.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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 06 2026 11:29:13
Okanagan-Mainline Real Estate Board
Chamberlain Property Group Inc.