For Sale: 909 Fairview Road, Penticton, BC - REW
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$2,995,000
0 bd • 0 ba • sf • Multifamily
909 Fairview Road
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$2,995,000
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909 Fairview RoadPenticton, BC, V2A 5Z1

  • 0 Bed
  • 0 Bath
  • Sqft
  • Multifamily

About this home

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:63626)
Listed by: John Green PREC*, Personal Real Estate Corporation, Chamberlain Property Group Inc.

Home facts and features

Price details
List Price
$2,995,000
Get Pre-Approved
Gross Taxes for 2026
$17,629
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
0 ft²
Depth
Year Built
Built in 1960 (66 yrs old)
Title
Freehold
Cooling
Wall unit
Features
Security
Agent details
Primary Agent
John Green PREC*
Primary Broker
Chamberlain Property Group Inc.
Secondary Agent
Secondary Broker
Chamberlain Property Group Inc.
Tertiary Agent
Tertiary Broker
Chamberlain Property Group Inc.
Listing details
Days on REW
6 Days
Property Views
104
MLS® Number
10403482
Source
Canadian Real Estate Association
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Penticton Christian School
  • Independent
  • K - 12
Holy Cross School
  • Independent
  • K - 8
Penticton Secondary School
  • Public
  • 9 - 12
KVR Middle School
  • Public
  • 6 - 8
Carmi School
  • Public
  • Pre-K - 5
L’école Entre-lacs
  • Public
  • K - 8
Ecole Entre Lacs
  • Public
  • K - 8
Queens Park School
  • Public
  • Pre-K - 5
Uplands Elementary School
  • Public
  • K - 5
Parkway Elementary School
  • Public
  • K - 5
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
John Green PREC*
Phone:
(250) 486-4282
Cell:
250-486-5353
Office:
778-476-7778
Natasha Badger PREC*
Phone:
(250) 486-4282
Cell:
250-462-8733
Office:
778-476-7778
Brett Harrington
Phone:
(250) 488-5157
Office:
778-476-7778
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