157 Wade Av W - Apartments FOR SALE


Penticton, BC V2A 1T7
$2,595,000 CAD
778-998-4663
157 Wade Av W, Penticton, BC for Sale
$2,595,000 CAD
Apartments - FOR SALE
1/67
null | 4.7% Cap Rate

157 Wade Av W
Penticton, BC V2A 1T7


HIGHLIGHTS

  • Established 16-unit apartment building in Penticton.
  • Located near downtown services, shopping, and dining amenities.
  • Positioned within a mature residential neighborhood.
  • Convenient access to major community amenities and transportation routes.

OVERVIEW

This is a rare opportunity to acquire a low maintenance, 17 unit rental complex. Comprised of a 16-unit apartment building and a detached commercial-zoned house situated on a 0.32-acre site in one of Penticton’s most desirable rental locations. Built in 1975, the property has benefited from numerous recent capital improvements and offers strong in-place cash flow with significant future rental upside as suites turn over to market rents. Residents enjoy covered parking, storage lockers, an on-site laundry room, and convenient access to shopping, restaurants, transit, and everyday amenities. With Penticton’s low 2.2% CMHC vacancy rate supporting continued rental demand and the offering priced well below assessed value, this is a rare opportunity to secure both stable income and future value appreciation in one investment.

FOR SALE DETAILS

PRICE

$2,595,000 CAD

PRICE/SF

$173 CAD /SF

# OF UNITS

17

PRICE/UNIT

$152,647

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caprice Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,869 SF

ZONING

RM-2 | P1

APN/PARCEL ID

012041751,012041769,012447994

ASK ABOUT THIS PROPERTY

Chris HayneRoyal LePage City CentreMore Info
778-998-4663

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Chris HayneRoyal LePage City CentreMore Info
778-998-4663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.