An excellent opportunity to acquire a well-located six-unit apartment building in the heart of downtown Penticton. This three-storey, walk-up building features six one-bedroom rental units, offering a desirable mix of location, convenience, and income potential. This mid century building offers the character and practical layout of a classic apartment building, with off-street parking and coin-operated laundry facilities for added tenant convenience. The location is a standout feature, with an exceptionally walkable downtown setting. Residents are just minutes from a wide variety of restaurants, pubs, shopping, schools, public transit, and everyday amenities. The property is also conveniently located near Penticton's vibrant downtown core and the many recreational and lifestyle amenities the city has to offer. With six one-bedroom units in a highly desirable rental location, this property presents an attractive opportunity for investors looking to add a multi-family asset to their portfolio or capitalize on the strong demand for centrally located rental housing in Penticton. (id:2493)More details
Excellent investment opportunity in a central Penticton location. This 7-unit multifamily property offers established rental income with significant long-term upside. The suite mix includes one 2-bedroom, five 1-bedroom units and one studio. Five units are currently tenanted with two vacant, providing a purchaser the opportunity to establish new tenancies and rents. Tenants pay their own electricity, while heat is supplied by a central boiler system and included in rent. Additional features include 400-amp electrical service and coin laundry. The property is C5 zoned and consists of two separate titles with lane access. The C5-zoned vacant lot directly behind the building at 313 Van Horne Street is also available separately, creating an interesting opportunity for investors considering the longer-term potential of the site. Buyers to verify development possibilities with the City of Penticton. (id:2493)More details
Prime Industrial Space Alert! Discover this 5097 sq ft gem boasting 3 garage overhead doors for seamless access. The property is ready for your preferred use. The whole space is open from one end to the other. 1.25 acres of land is yours. The space also features a suite and a second bathroom roughed in within the building. Ample fully paved parking. This property is vacant and ready for quick possession. Leasing is also available. Situated just off the highway, this is a rare find in the Okanagan's competitive Industrial market. Act fast - opportunities like this don't last! (id:2493)More details
This is a 100% leased investment property with the oldest 5 year renewable lease being 2.5 years old with well established, long term tenants. The lease rates start at $18.00 per foot and have built in lifts. It has had all the roof top units replaced, both roofs have been replaced and the rest has been very well maintained. It's an investment that starts paying dividends instantly. An additional 2000' apartment on top of building 2 could be easily converted into additional revenue. Additional information available upon request. (id:2493)More details
EXCEPTIONAL VALUE AT A FRACTION OF PENTICTON PRICING! Bring your business or investment to this affordable 2.2 acre South Okanagan industrial site. Great exposure off HWY 97C and only 12 mins from Penticton, this well-maintained 8,700 SQFT industrial building has been updated with two new clean rooms, revamped office spaces, and a newly installed 10-ton AC unit, along with updated accompanying ducts. Includes 3 large overhead doors and 20+ ft ceilings. The 2.2 acre lot offers ample room for future growth and expansion. Vacant. Don't miss out on this one! Contact listing agents to arrange a showing. (id:2493)More details
Visit REALTOR website for additional information. RM2 development opportunity in central Penticton with High Density Residential OCP designation. This flat 0.31-acre parcel offers approximately 13,500 sq. ft. of land with approximately 21.58 m of frontage and is improved with an existing owner-occupied single-family home currently served by municipal services. Permitted uses in the RM2 zone include low-density multiple housing forms such as apartments, cluster housing and townhouses, subject to City of Penticton requirements and approvals. Located within Transit-Oriented Area 2, the property is close to Main Street amenities, transit, schools, recreation and the KVR Trail. Offered as-is and primarily for land value, this is a well-located opportunity for builders, developers and investors planning a future residential project in Penticton. Buyer to independently verify zoning, permitted uses, density, parking, servicing capacity, geotechnical requirements, development costs, title matters and redevelopment potential with the City of Penticton and applicable authorities. (id:2493)More details
Excellent opportunity for business owners, investors, or automotive professionals! This approximately 2,400 sq. ft. commercial building is ideally situated on a 66' x 132' corner lot in a high-traffic, high-visibility location. The building features two large bay doors (10' x 10' and 12' x 14'), making it particularly well suited for an auto body shop, mechanic, service-related business, or trades operation.The property also offers a newer paved parking lot, convenient outdoor storage space, and excellent access for customers, employees, and service vehicles. With Village zoning permitting a variety of potential uses, this versatile property provides an excellent opportunity for an owner-operator or investor looking for a highly visible location with plenty of functionality. Bring your business plans and explore the possibilities this well-positioned commercial property has to offer! (id:2493)More details
WATERFRONT DEVELOPMENT OPPORTUNITY! Approx. 20,000 sq ft waterfront property with plans underway for an exciting mixed use building featuring commercial on the main floor and 27 residential units above. A strong potential candidate for CMHC rental financing, which, subject to qualification would finance 95% of all project cost including land, construction and costs. The town is very supportive of our conceptual plan, the requires ripearian syudy has been completed and the project nearing DP application. While moving forward the existing building has one tenant with the opportunity to rent out 3 more. A rare chance to secure a waterfront development site with significant preliminary work already completed! Call today for plans, details and further information. (id:2493)More details
AN IMPRESIVE 10%+ CAP RATE INVESTMENT AND DEVELOPMENT OPPERTUNITY in the heart of Princeton! Generating approx. $12,000/month from 9 units, this property delivers strong cash flow with a significant upside. An additional approx. 3000 sq ft of unused space on the second floor provides further income potential. Extensive upgrades include new plumbing throughout, updated electrical with 7 individual meters, plus new flooring and paint in most units. Many suites have kitchen and bathroom upgrades as well.The development upside is a huge bonus, initial conceptual drawings have been complete and initial discussions with town have been conducted with huge support. Princeton is a pro development community experiencing major growth, with new builds up to 6 storeys. There is a sever housing shortage and the vacancy rate is below 1%, Princeton is quickly becoming a market for developers and investors. Strong income and incredible future value. (id:2493)More details
Time to bring your business to the heart of Summerland! Located right in the downtown core, this versatile commercial space offers the opportunity to turn your vision into reality. With over 1,960 sq. ft. of retail and office space, there is plenty of room to create a layout that works for your business and make the space your own. Whether you’re looking for a new retail storefront, professional office space, showroom, or a combination of uses, the flexible layout gives you options to work with. The basement provides plenty of additional room for storage, inventory and supplies, helping keep the main level focused on your customers and day-to-day operations. Front and rear entrances provide convenient access, while the central downtown location puts your business in the middle of Summerland’s shops, services and local activity. An added bonus, the electrical was updated in late 2024 to meet City compliance requirements. Bring your ideas, bring your business, and make this downtown Summerland space your own! (id:2493)More details
Located in the heart of Downtown Penticton situated on a five corner intersection, Front Street , Main Street , Backstreet Blvd, Westminister Ave. Property has two street addresses, sitting on four lots. Lots of potential for use and future developement. Best location in town! Two major financial institutions on the adjacent corners. Plenty of potential for retail, health services, restaurant , daycare, office , etc and/or future development. Tenants are on a month to month tenancy. Building and land only for sale. (id:2493)More details
This newly built commercial property in the Oliver Industrial Center offers high-quality construction and versatile space suitable for a wide range of uses. Built with insulated concrete form (ICF) walls and soaring 18-foot ceilings, the property consists of two well-designed buildings. The first building is approximately 5,000 sq. ft. and was previously used as a large laser tag facility. The free-span space is ideal for a multitude of uses and is rated F2 under the BCBC. It also features a spacious lobby and reception area, two washrooms, and a conference room. A storage bay with a garage door provides convenient storage, and an additional garage door is roughed into the lobby’s exterior wall for future versatility. The second building is 2,100 sq. ft. and designed as a warehouse-style space. It includes three 12-foot-high garage doors, a large open work area, a washroom, a storage section, and a loft with an office. Rear alley access allows for easy entry and provides additional parking. The current owner occupies this building and is willing to enter into a secure long-term lease if beneficial to the new owner. Offered below the most recent commercial appraisal value, this property presents an excellent opportunity for passive income or an end user. Call the listing agent for a detailed package. (id:2493)More details