- Active
333 Main Street
Penticton · Other
- Sqft
- 14,149
- Built
- 1940
Listed by Chamberlain Property Group · MLS® 10389341
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Sign inAbout this home
Iconic Downtown Commercial Opportunity. Rare chance to own a landmark piece of Penticton history. Once among BC's premier nightclubs, this iconic 3-storey building sits in the heart of downtown and is now available for full land & building ownership - a true legacy property with unlimited potential. The versatile layout spans 3 floors, each capable of operating as an independent revenue stream. Recent use as a profitable pawn shop demonstrates strong commercial viability, while the building's bones lend themselves to a wide range of future uses: restaurant or dinner theatre, live entertainment venue, fitness center, retail, professional offices, or a boutique hospitality concept. The 3rd floor features a self-contained 2-bedroom suite, ideal for an owner-operator or as additional rental income. Four separate building entrances provide excellent accessibility and operational flexibility for multi-tenant configurations. Whether you're an investor seeking multiple revenue streams, an entrepreneur ready to make your mark, or a developer with a vision for one of Penticton's most recognizable addresses - this property demands a closer look. Full land and building ownership, 3 floors with 3 potential revenue streams, a 2-bedroom suite, 4 separate entrances, and a prime downtown location combine to make this one of the most compelling commercial opportunities to hit the Penticton market in years. A property like this rarely comes to market. Book your private showing today.
Home facts
- Interior
- 14,149 sq ft
- Year built
- 1940
- Property type
- Other
- Area
- Main North
- Listed
- June 4, 2026
- Structure
- Residential Commercial Mix
- PID
- 001-972-723
- Common interest
- Freehold
Highlights
- Gym
Features and inclusions
- Heating
- Forced air, See remarks
- Roof
- Tar & gravel, Unknown
Rooms and building
- 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
- $6,394
- Property tax
- $392/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,936
Purchase snapshot
- List price
- $1,349,000
- Down payment
- $269,800 (20%)
- Estimated mortgage
- $1,079,200
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
- $7,821
- 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
- $1,390 a month
- Gross yield
- 1.2%
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 · 37%