- Active
#101 – 442 ALEXANDER Avenue
Penticton · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 861
- Built
- 2009
Listed by Canada Flex Realty Group · MLS® 10396717
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City-Approved Short-Term Rental Near Okanagan Lake | Turnkey 2 Bed, 2 Bath Just a 5-minute walk to Okanagan Lake, beaches, restaurants, breweries, and downtown Penticton, this bright and modern 2-bedroom, 2-bathroom half-duplex offers the perfect blend of lifestyle, flexibility, and investment potential. Recently approved for short-term rental operation by the City of Penticton, this property presents a unique opportunity for investors, part-time residents, or those seeking additional income potential in one of the Okanagan's most desirable locations. Designed for easy single-level living, the home features 9-foot ceilings, a gas fireplace, contemporary finishes, and an open-concept layout filled with natural light. Enjoy a covered veranda overlooking the landscaped front garden, a spacious primary suite with ensuite, a versatile second bedroom, and efficient year-round heating and cooling. Located in one of Penticton's most walkable neighbourhoods, with easy access to beaches, parks, shopping, transit, and recreation. Unique Bonus: The seller also owns the upper unit, creating an exceptional opportunity to purchase both properties together. Ideal for investors seeking increased rental revenue, multi-generational families, or buyers looking for additional flexibility and future potential. Measurements approximate; buyer to verify if important.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 861 sq ft
- Year built
- 2009
- Storey
- 1
- Property type
- Single Family
- Basement
- Crawl space
- Fireplace
- 1
- Area
- Main North
- Style
- Other
- Listed
- August 6, 2026
- Structure
- Duplex
- PID
- 027-946-240
- Common interest
- Condo/Strata
Highlights
- Fireplace
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
- Heating
- Electric, See remarks
- Cooling
- Central air conditioning
- Roof
- Asphalt shingle, Unknown
- Parking
- Street
- Community
- Pets Allowed
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $3,076
- Property tax
- $192/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,418
Purchase snapshot
- List price
- $649,000
- Down payment
- $129,800 (20%)
- Estimated mortgage
- $519,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $3,763
- At 5.7979 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,540 a month
- Gross yield
- 2.8%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 39%
Who lives here
Documents
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Availability is not guaranteed. Review documents with a professional.