+6 more
$2,299,000
341 HAYNES
Penticton (Main North), British Columbia, V2A5S1
multiplex·sale·Tax $10,531.49/yr
Active
0.27 ac
Lot
1969
Year Built
About This Property
This multi-family in Penticton offers a 0.27 ac lot. Built in 1969, 3 storeys. The property has lot dimensions of 0.27. The home features baseboard heaters, electric heating.
MLS Remarks
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:60351)
Overview
Property Typeresidential
Sub-Typemulti-family
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