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| 909 Fairview Road Penticton V2A5Z1 |
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| Price : $3,250,000 |
Listing ID : 10386430
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| Property Type : Multi-family |
Building Type : Multi-Family |
| Title : Freehold |
Finished Area : - |
| Built in : 1960 |
Total Parking Spaces : - |
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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:56537)
Call (250)-864-7337 for showing information. |
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Bathrooms (Partial) : 0 |
Cooling : Wall unit |
| Fire Protection : Security |
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Sewer : Municipal sewage system |
Utility Water : Municipal water |
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Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently
under contract.
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