909 Fairview Road Penticton, British Columbia V2A 5Z1
$2,995,000
Well-maintained two-storey apartment building in a prime walkable location, steps from downtown Penticton and all essential amenities. The property offers 18 generously sized one-bedroom suites, eight of which have been renovated with updated kitchens, bathrooms, flooring and paint. Recent capital improvements include a new boiler system and pumps, a new hot water tank, additional laundry equipment, and a refurbished lobby with secure mailboxes. With no balconies or elevator, the building is low-maintenance and efficient to operate. Ten of the 18 suites are renting $365 to $790 per month below market, and suites re-lease quickly on turnover. Each vacancy is an opportunity to mark rents to market. The property delivers a 5.4% cap rate on current rents, with a projected 7.6% at full market rents. That’s over $64,000 in additional annual NOI for a buyer to capture. (id:36541)
Property Details
| MLS® Number | 10403482 |
| 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/30400064/909-fairview-road-penticton-main-north
Interested?
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/
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®)
October 16 2026 12:32:26
Okanagan-Mainline Real Estate Board
Chamberlain Property Group Inc.