Updates mentioned by the listing
- RoofUpdated (year not given)“It has had all the roof top units replaced, both roofs have been replaced and the rest has been very well maintained.”
From the listing description. Ask Sean to confirm ages and receipts before you write an offer.
About this home
This is a 100% leased investment property with the oldest 5 year renewable lease being 2.5 years old with well established, long term tenants. The lease rates start at $18.00 per foot and have built in lifts. It has had all the roof top units replaced, both roofs have been replaced and the rest has been very well maintained. It's an investment that starts paying dividends instantly. An additional 2000' apartment on top of building 2 could be easily converted into additional revenue. Additional information available upon request.
Highlights & things to check
Highlights
- Per the listing, the property is 100% leased to long-term tenants, with the oldest five-year renewable lease 2.5 years old.
- Per the listing, lease rates start at $18.00 per foot.
- Per the listing, both roofs and the rooftop units have been replaced.
- Municipal water and sewer, a level 0.7-acre lot, and Penticton Regional Hospital 490 m away.
Things to check
- Ask for the lease terms, expiry dates and rent roll, since the listing says more information is available on request.
- Ask whether the potential apartment on top of Building 2, mentioned in the listing, is permitted and what approvals it would need.
- Heating is listed as "Other", so ask what system is installed, its age, and who services it.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 1505 Main Street
Neighbourhood scores
9 / 10Walk & bike score: 7.3 / 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
- $4,790,000
- MLS® number
- 10401753
- Property type
- Commercial · Retail
- Living area
- 11,453 sq ft
- Lot size
- 0.7 acres · 0.7
- Frontage
- 145 feet
- Year built
- 1997
- Parking spaces
- 37
- Annual taxes
- $25,510
- Community
- Main North, Penticton
Features
- Heating
- Other
- Cooling
- Central air conditioning
- Roof
- Tar & gravel, Unknown
- Lot
- Level lot
- Water
- Municipal water
- Sewer
- Municipal sewage system
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Listing information is provided by Stilhavn Real Estate Services through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.