$2,589,000
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328 Nanaimo Avenue W, Penticton, BC V2A1N7

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Welcome to a rare investment opportunity in the heart of beautiful downtown Penticton. This well-maintained 11-unit apartment building sits on three separate titles and offers a strong, diversified unit mix: 7 one-bedroom suites, 3 two-bedroom suites, and 1 studio apartment. Currently generating a 5.5% cap rate, this property provides immediate, stable returns with future upside potential. A major highlight of this offering is the 2.7% assumable CMHC-insured mortgage (OAC) an exceptional financing opportunity in todays market that significantly enhances cash flow and overall return on investment. Each unit features its own private deck or patioperfect for enjoying the renowned Okanagan weather. The building has seen numerous updates over the years, including a new roof in 2019. All suites are equipped with newer hot water tanks, air conditioning, and individual electric meters, with tenants paying their own hydrohelping to keep operating costs in check. Additional highlights include convenient coin-operated laundry and the benefit of a long-term live-in caretaker who manages the day-to-day operations, making this a truly turnkey investment. With stable, long-term tenants in place and rents currently below market value, this very clean and easy-to-manage property offers solid cash flow today and excellent upside potential for investors looking to expand their portfolio in one of Pentictons most desirable locations. (id:58753)

Listing By: Kirk Chamberlain - Chamberlain Property Group cncrea2 Realty.com
  • MLS® 10388006
  • Date Listed05/19/2026
  • Days on Realty 19 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 10,019 sq. ft
  • Sewer Public Sewer
  • Property Type Multi Family
  • Year Built 1968
  • Water Public

Interior Features

  • Heating Baseboard heaters, Electric

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 10,018.80
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V2A1N7

Discover key demographics, population statistics, and environmental insights for the Penticton, BC area.

Walkability in BC / V2A1N7

Source: Walk Score

85/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

78/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 23/100, Transit Score: 0/100, Bike Score: 32/100.

Points of Interest near 328 NANAIMO Avenue W, Penticton, BC V2A1N7

Frequently Asked Questions for 328 NANAIMO Avenue W

Source: Realty.com

328 NANAIMO Avenue W, Penticton, BC V2A1N7 in Penticton, BC V2A1N7 is a multi family listed at $2,589,000. Highlights include built in 1968. Realty.ca has 18 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 18 photos of 328 NANAIMO Avenue W.

Our records indicate that 328 NANAIMO Avenue W was built in 1968.

The full address for this home is 328 NANAIMO Avenue W, Penticton, BC V2A1N7.

328 NANAIMO Avenue W has been listed on Realty.com since Tue May 19, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 23/100, Transit Score: 0/100, Bike Score: 32/100.

Listing provided courtesy of: Chamberlain Property Group
Listing agent: Kirk Chamberlain

This content last refreshed on 2026-06-07 11:12:00. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.