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:49203)
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
Contact Us
Contact us for more information
John Green
Personal Real Estate Corporation
teamgreen.ca/
www.facebook.com/thegreenrealestategroup/
www.linkedin.com/company/green-real-estate-group/
www.instagram.com/green.real.estate.group/
201-3115 Skaha Lake Rd.
Penticton, British Columbia V2A 6G5
(778) 476-7778
www.chamberlainpropertygroup.ca/
Natasha Badger
Personal Real Estate Corporation
teamgreen.ca/
www.facebook.com/profile.php?id=100083051866591
ca.linkedin.com/in/natasha-badger-b-comm-0206a12a
www.instagram.com/natashabadger.realestate/
201-3115 Skaha Lake Rd.
Penticton, British Columbia V2A 6G5
(778) 476-7778
www.chamberlainpropertygroup.ca/
Brett Harrington
www.teamgreen.ca/
www.facebook.com/brettharringtonrealestate
www.instagram.com/harrington.realestate/
201-3115 Skaha Lake Rd.
Penticton, British Columbia V2A 6G5
(778) 476-7778
www.chamberlainpropertygroup.ca/
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October 16 2026 12:32:26
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Chamberlain Property Group Inc.