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909 Fairview Road, Penticton
2026-05-07
Quick Summary
- Location
- 909 Fairview Road, Penticton, British Columbia V2A5Z1
- Price
- $3,250,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Year of Construction:
- 1960
MLS®#10386430
Property Description
Well-maintained two-storey apartment building in a prime walkable location â 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 â 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:32467)
Property Features
Building
- Cooling Type: Wall unit
- Fireplace: No
- Building Type: Multi-Family
- Utility Water: Municipal water
Land
- Land Size: 0.34 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Chamberlain Property Group Inc.
Listing information last updated on: 2026-05-06 23:29:13
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
Yes, and yes.
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