About this home
Cap Rate: 6.5+% - This 10,392 sq. ft. two-storey building its on a fully fenced 0.5-acre site and includes commercial/retail space, office areas, residents and a secure storage facility. The second floor is partially improved for office use and staff accommodations. Offered at a 6.5%+ CAP RATE Steel and wood construction with ICF foundation, Metal/stucco exterior with torch-on roofing (2019), 400 Amp power, HVAC, and copper plumbing, Secure key fob access, video surveillance, motion sensors, Large fenced yard with 85 self-storage units and one 24'x25' oversized unit. Great opportunity for investors or owner-occupiers looking for cash flow, expansion space, or redevelopment potential. This well-located industrial property in Penticton offers a unique opportunity to acquire a mixed-use, income-generating asset in the heart of an established industrial district. Property only, business not for sale.
Highlights & things to check
Highlights
- Two-storey building of 10,392 sq ft on a fully fenced 0.5-acre site, per the listing.
- Includes commercial and retail space, office areas, residential space, and a storage facility with 85 self-storage units and one 24'x25' oversized unit.
- Secure key fob access, video surveillance and motion sensors are included, per the listing.
- Penticton Regional Hospital is 480 m away, and the town centre is 1.6 km away.
Things to check
- The details list wood and metal exterior, but the description says metal and stucco. Confirm the exterior materials.
- The second floor is only partially improved for office and staff use. Ask what is finished and which permits cover it.
- The listing gives a 6.5%+ cap rate. Ask for the income and expense records behind it, since the business is not for sale.
- No build year is given. Ask the seller for the year built and the age of the HVAC system.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 275 Okanagan Avenue E
Neighbourhood scores
9 / 10Walk & bike score: 6.8 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
Everyone in the family marks what matters to them (Skip, Nice or Must), and every home gets a match score. Kids too.
Set up my family’s matchYour answers stay on your phone or computer.
Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.
Distances from the front door
Straight-line distances. Driving distances are longer.
Property details
- Price
- $1,995,000
- MLS® number
- 10365800
- Property type
- Single-family home · Residential Commercial Mix · Other
- Living area
- 10,392 sq ft
- Lot size
- 0.5 acres · 0.5
- Community
- Industrial Area, Penticton
Features
- Roof
- Metal, Other, Unknown
- Exterior
- Wood, Metal
- Foundation
- Insulated Concrete Forms
Similar homes nearby
The same type of home in Penticton, priced within 25% of this one, closest to it first.
$1,830,000
855 Ross Avenue
Columbia/Duncan, Penticton
6 bd · 5 ba · 4,377 sq ft · Single-family home
Real Broker B.C. Ltd
$1,699,000
102 Westview Drive
Wiltse/Valleyview, Penticton
5 bd · 4 ba · 5,314 sq ft · Single-family home
Royal LePage Locations West
$1,599,000
163 Westview Drive
Wiltse/Valleyview, Penticton
4 bd · 3 ba · 3,279 sq ft · Single-family home
Chamberlain Property Group
$1,749,000
2885 Valleyview Road
Main South, Penticton
7 bd · 5 ba · 3,886 sq ft · Single-family home
Oakwyn Realty Ltd.
Listing information is provided by Business Finders Canada through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.