Multi-Family Buildings For Sale

2003 37 Avenue in Vernon: Multi-family for sale : MLS®# 10387848

2003 37 Avenue Vernon V1T 2W9

$1,799,000

Multi-family

Status:

Active

MLS® Num:

10387848

Floor Area:

5,909 sq. ft.

Rare re-development acquisition opportunity for just under half an acre of multifamily zoned residential development land. New architect renderings for three (3) new development options for townhomes and multifamily apartments with expansive city & lake views. One of the few redevelopment sites ever offered on the East Hill in Vernon. Excellent location, close to town, this rectangular 120 by 182-foot, 0.49-acre, 21,344 SF site with 117 ft of frontage and multiple rear laneway access points. The Lands come improved with a 5,909 square foot, 2-storey, multifamily conversion apartment building that produces good holding income with a suite mix of Five (5) 1-bedroom suites and five (5) studios. The building produces an annual gross income of $124,030.20 or $10,335.85 monthly with more near-term tenant turnovers anticipated to create significant rental increases. The new MUS - Multi-unit: Small Scale zoning allows for a range of small-scale housing development up to 3 Storeys in Height, including detached, attached, and multi-unit housing on lots under 4,050 square meters (1 acre) Zoning permits up to 24 Dwelling Units per acre which makes the site suitable for 12 Strata Title Units. Property not in Heritage Registry. Foundation is poured concrete encased rock, interior finishes include painted wood panel with wainscot/chair railed areas and a mix of carpet, vinyl, laminate, hardwood & tile flooring. Don't miss this rare opportunity to secure a solid income producing asset with excellent redevelopment potential. (id:2493) More details

Listed by Business Finders Canada

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

341 HAYNES Street in Penticton: Multi-family for sale : MLS®# 10388032

341 HAYNES Street Penticton V2A 5S1

$2,299,000

Multi-family

Status:

Active

MLS® Num:

10388032

Exceptional multi-family investment opportunity in the heart of downtown Penticton. This 12-unit apartment building offers a well-balanced suite mix consisting of 3 bachelor units, 1 bachelor plus den, and 8 one-bedroom units—appealing to a broad tenant demographic. The property benefits from long-term tenancy and consistent income performance, with a current CAP rate of 5.02%. A roof replacement completed in 2021 enhances the building’s overall stability and reduces near-term capital expenditure risk. Strategically located within walking distance to Okanagan Beach, the downtown core, restaurants, pubs, and the South Okanagan Events Centre, this asset sits in a highly desirable rental corridor with strong, sustained demand. An excellent holding property with stable cash flow and future rental upside potential in one of Penticton’s most walkable and vibrant neighbourhoods. Contact the listing representative for a detailed financial package and additional due diligence information. (id:2493) More details

Listed by Chamberlain Property Group

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

328 NANAIMO Avenue W in Penticton: Multi-family for sale : MLS®# 10388006

328 NANAIMO Avenue W Penticton V2A 1N7

$2,589,000

Multi-family

Status:

Active

MLS® Num:

10388006

Welcome to a rare investment opportunity in the heart of beautiful downtown Penticton. This well-maintained 11-unit apartment building sits on three separate titles and offers a strong, diversified unit mix: 7 one-bedroom suites, 3 two-bedroom suites, and 1 studio apartment. Currently generating a 5.5% cap rate, this property provides immediate, stable returns with future upside potential. A major highlight of this offering is the 2.7% assumable CMHC-insured mortgage (OAC) — an exceptional financing opportunity in today’s market that significantly enhances cash flow and overall return on investment. Each unit features its own private deck or patio—perfect for enjoying the renowned Okanagan weather. The building has seen numerous updates over the years, including a new roof in 2019. All suites are equipped with newer hot water tanks, air conditioning, and individual electric meters, with tenants paying their own hydro—helping to keep operating costs in check. Additional highlights include convenient coin-operated laundry and the benefit of a long-term live-in caretaker who manages the day-to-day operations, making this a truly turnkey investment. With stable, long-term tenants in place and rents currently below market value, this very clean and easy-to-manage property offers solid cash flow today and excellent upside potential for investors looking to expand their portfolio in one of Penticton’s most desirable locations. (id:2493) More details

Listed by Chamberlain Property Group

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

1604 31 Street in Vernon: Multi-family for sale : MLS®# 10386799

1604 31 Street Vernon V1T 5G8

$9,630,000

Multi-family

Status:

Active

MLS® Num:

10386799

Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (2020), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:2493) More details

Listed by Marcus & Millichap and REMAX Kamloops

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

1880 Pandosy Street in Kelowna: Multi-family for sale : MLS®# 10386324

1880 Pandosy Street Kelowna V1Y 1R4

$5,600,000

Multi-family

Status:

Active

MLS® Num:

10386324

Prime central Kelowna multifamily investment opportunity, desirable location on the fringe of downtown within easy walking distance of Lake Okanagan beaches, downtown services, restaurants, shopping, transit, professional offices, parks, and the cultural district. This well-maintained 1965-vintage, three-storey walk-up apartment building offers 21 total suites, comprising 15 - 1 bdrm units, 5 - 2 bdrm units, and a single studio suite, providing a balanced and highly rentable suite mix in one of Kelowna's most desirable urban locations. The property is fully occupied and offers investors stable income with the added strength of a proven central rental location where tenant demand remains consistently strong. The building has benefited from numerous updates and ongoing maintenance over time, including upgraded natural gas boilers and renovated apartment suites, while retaining the durable fundamentals investors seek in a walkable, centrally located rental asset. Tenant amenities include main-floor laundry room, secure bike storage, and rear surface parking stalls accessible from the lane, adding practical convenience for residents in a location where walkability and lifestyle are key demand drivers. With its established income profile, central Pandosy Street address, proximity to downtown Kelowna and Lake Okanagan, plus attractive suite mix, this is a compelling opportunity for investors seeking a stable multifamily holding with long-term rental appeal in the Central Okanagan. (id:2493) More details

Listed by REMAX Ocean Pacific (Crtny)

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

909 Fairview Road in Penticton: Multi-family for sale : MLS®# 10386430

909 Fairview Road Penticton V2A 5Z1

$3,250,000

Multi-family

Status:

Active

MLS® Num:

10386430

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:2493) More details

Listed by Chamberlain Property Group Inc.

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

350, 380, 351, 381 Shuswap and 1st Street SE in Salmon Arm: Multi-family for sale : MLS®# 10384025

350, 380, 351, 381 Shuswap and 1st Street SE Salmon Arm V1E 4H8

$2,590,000

Multi-family

Status:

Active

MLS® Num:

10384025

Floor Area:

9,400 sq. ft.

This 1.22 acre assembly represents current investment revenue for immediate cash flow, coupled with the possibility of future development to high density. Situated in walkable location, in close proximity shopping centers and downtown Salmon Arm. The site currently consists of four lots under four separate titles, featuring a total of 16 rental units organized into four well-maintained fourplexes. These units are occupied by stable, long-term tenants on month-to-month agreements, providing a reliable revenue stream. The makeup consists of 15 two bedroom apartments and 1 one bedroom apartment, ranging in size from 450 square feet to 850 square feet. There is 1 two story home with 4 units, two one level with 4 units on crawl spaces and another one level on a full basement. The full basement has a shop space, storage and a shared laundry for the tenants providing another source of revenue. Designated parking and easy access for all tenants. The future potential of the combining of the lots and rezoning to a higher density is part of the Official Community Plan for Salmon Arm and lends itself to many different options to find the right project. (id:2493) More details

Listed by Royal LePage Access Real Estate

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

3710-3712 24 Avenue in Vernon: Condo for sale : MLS®# 10386053

3710-3712 24 Avenue Vernon V1T 1L9

$2,350,000

Multi-family

Status:

Active

MLS® Num:

10386053

Investors. How interested would you be in an investment 2 bedroom townhome for only $167,900? How about 14 of them, all at $167,900? 14 separately titled strata townhome properties in 2 separate twin buildings of 7 units each offered as one package. Each unit is currently rented with monthly rents between $800.00 and $1600.00. Each building consists of 4 near identical 2 bedroom and 1 bath 712 sq ft ground floor units and 3 upper level 2 bedroom 1 bath units averaging approximately 820 sq ft for approx. 5300 sq ft of living area per building. Good location, on the bus route and convenient to all that Vernon has to offer. Property is flat, fully usable and has a creek at the rear. Note not a foreclosure but a court ordered sale and priced to go. This property needs work but huge upside potential for someone to inject some capital and invest some time and sweat equity. Great for a solo investor, a group of friends or like minded partners, or a charity or non profit organization looking for multiple properties in 1 location. The present Vernon vacancy and rental market is quite healthy and still is a bit of a ""landlord's market"". Please note at this time the offering is only for all 14 units as 1 package. Call or visit our web page for more info, a full package or to book a viewing. (id:2493) More details

Listed by RE/MAX Vernon

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

231 Finlayson Street in Sicamous: Multi-family for sale : MLS®# 10383153

231 Finlayson Street Sicamous V0E 2V1

$1,855,000

Multi-family

Status:

Active

MLS® Num:

10383153

Floor Area:

6,949 sq. ft.

This well maintained 10-unit multi-family residential complex is ideally located within walking distance to Sicamous Town Beach, offering a rare investment opportunity with strong revenue potential and a welcoming community atmosphere. Comprised of six detached buildings, the property features a diverse mix of 1-, 2-, and 3-bedroom units, each with its own individual hydro meter. Significant updates have already been completed, including newer windows and doors, with more than half of the units partially or fully renovated—providing a turnkey opportunity for investors. The complex includes a thoughtfully converted former retail building now housing four bright, modern units with clean, white interiors. In addition, five separate freestanding homes offer six more rental units, each with its own unique character and private outdoor space. Tenants benefit from shared access to a generously sized storage shed and ample on-site parking. This is an exceptional opportunity to acquire a versatile, income-generating property in a desirable location. Cap Rate on list price is 7.1%. (id:2493) More details

Listed by Homelife Salmon Arm Realty.Com

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

5513 Prosh Frontage Road in Sicamous: Multi-family for sale : MLS®# 10380201

5513 Prosh Frontage Road Sicamous V0E 2J0

$1,099,000

Multi-family

Status:

Active

MLS® Num:

10380201

This 6.49 acre property with 4 cabins and a mobile home with long term tenants in place generates $6,100 per month of rental income. 4 super cute 1 bedroom cabins with three recently updated including new kitchens, new counters, new flooring, fresh paint and new light fixtures. Private setting just off TCH, backing onto Perry River, is close to Revelstoke, Crazy Creek, world class sledding and Mustang Powder skiing. This would make a great spot to add a home as a principal residence, with potential to add more rentals or create a campground. Truly a beautiful property with good cash flow and lots of potential. (id:2493) More details

Listed by Homelife Salmon Arm Realty.Com

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

301 Scott Avenue in Penticton: Multi-family for sale : MLS®# 10377366

301 Scott Avenue Penticton V2A 2J7

$4,600,000

Multi-family

Status:

Active

MLS® Num:

10377366

Centrally located, three-storey walk-up concrete block apartment building with 20 units. The mix includes: - 10 - 1-bedroom apartments - 10 - 2-bedroom apartments Half the units are updated upon turnover; one suite was custom renovated. Features for this building include: - 20 dedicated storage lockers (one per unit) - Off-street parking and a large covered patio for each unit with a small external storage locker - On-site card-operated shared laundry - Large workshop and a separate office space for the building maintenance team. Ideal for investors seeking a well-located, low-rise rental building with a balanced unit mix. (id:2493) More details

Listed by Front Street Realty

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email

408 Royal Avenue in Kelowna: Multi-family for sale : MLS®# 10376446

408 Royal Avenue Kelowna V1Y 5L3

$1,675,000

Multi-family

Status:

Active

MLS® Num:

10376446

COMPETIVELY PRICED! With only steps to the beach and the trendy Pandosy Village, this rare development site is strategically located directly across from the Kelowna General Hospital making it an impressive income producing or holding property opportunity. It offers an unparalleled opportunity for up to 16 to 20 high demand residential units, mixed commercial or medical/hospital related uses. The .2 acre corner lot is situated within the 400m TOA allowing for more buildable sqft and no parking required for residential developments. Current 5 bedroom/3 bathroom 2,300 sqft home. Be a part of the growing Kelowna Health District! (id:2493) More details

Listed by Century 21 Assurance Realty Ltd

LISTING DETAILS

CARLO GIUSTO Personal Real Estate Corporation
RE/MAX KELOWNA
1 (250) 801-2129
Contact by Email