About this home

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.

Home facts

Interior: 5,196 sq ft
Year built: 1940
Storeys: 3
Property type: Multi-family
Area: Main North
Listed: October 1, 2026
Structure: Multi-Family
PID: 012-305-464
Common interest: Freehold

Features and inclusions

Heating: Radiant heat, See remarks
Parking: Street
Lot: Level lot, Corner Site

Rooms and building

Sewer: Municipal sewage system
Water: Municipal water

Listed by eXp Realty. Last updated Nov 5, 2026, 5:10 PM.

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: $6,138
Property tax: $375/mo
Home insurance: $150/mo
Estimated monthly total: $6,663

Purchase snapshot

List price: $1,295,000
Down payment: $259,000 (20%)
Estimated mortgage: $1,036,000

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Neighbourhood

Open the map

Walk to Penticton IGA22 min

Bike to Prairie Valley Station1h 7m

Walk to Prairie Valley Station3h 42m

Drive to downtown Vancouver10h 15m

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Detached · 38%

Homes for sale nearby, by type

Detached101 for sale

Condo / Apartment65 for sale

Other29 for sale

Duplex26 for sale

Townhouse26 for sale

Other17 for sale

Active listings within 3 km of this home.

Homes built in Penticton, by type

High-rise apartment31.1% · 190

Low-rise apartment28.7% · 175

Single-detached18.0% · 110

Other single-attached9.0% · 55

Semi-detached6.6% · 40

Apartment in duplex5.7% · 35

Row house0.8% · 5

Source: Statistics Canada, 2021 Census of Population. 610 dwellings.

Who lives here

Statistics Canada area 59070214 · Penticton

Median age: 48
Renter households: 53%
Average household size: 1.8
Median household income: $72,000

Population (2021): 1,129
Median rent: $1,390
Owner shelter cost: $930
30%+ of income on shelter: 29%
Owner households: 47%
Households with kids: 16%
Immigrants: 13%
Post-secondary: 58%
Average home value (2021): $560,000

Breakdown

Under $5,0001.7% · 10

$10,000 to $14,9990.8% · 5

$15,000 to $19,9992.5% · 15

$20,000 to $24,9991.7% · 10

$25,000 to $29,9993.4% · 20

$30,000 to $34,9995.0% · 30

$35,000 to $39,9994.2% · 25

$40,000 to $44,9995.0% · 30

$45,000 to $49,9994.2% · 25

$50,000 to $59,9998.4% · 50

$60,000 to $69,99910.1% · 60

$70,000 to $79,99910.1% · 60

$80,000 to $89,9998.4% · 50

$90,000 to $99,9996.7% · 40

$100,000 to $124,99911.8% · 70

$125,000 to $149,9998.4% · 50

$150,000 to $199,9995.0% · 30

$200,000 and over2.5% · 15

Source: Statistics Canada, 2021 Census Profile, dissemination area 59070214.

156 Nanaimo Avenue