About this home
An excellent opportunity to acquire a well-located six-unit apartment building in the heart of downtown Penticton. This three-storey, walk-up building features six one-bedroom rental units, offering a desirable mix of location, convenience, and income potential. This mid century building offers the character and practical layout of a classic apartment building, with off-street parking and coin-operated laundry facilities for added tenant convenience. The location is a standout feature, with an exceptionally walkable downtown setting. Residents are just minutes from a wide variety of restaurants, pubs, shopping, schools, public transit, and everyday amenities. The property is also conveniently located near Penticton's vibrant downtown core and the many recreational and lifestyle amenities the city has to offer. With six one-bedroom units in a highly desirable rental location, this property presents an attractive opportunity for investors looking to add a multi-family asset to their portfolio or capitalize on the strong demand for centrally located rental housing in Penticton.
Highlights & things to check
Highlights
- Six one-bedroom rental units in a three-storey walk-up building, per the listing.
- Off-street parking at the rear and coin-operated laundry for tenants, per the listing.
- Town centre about 510 m away and Okanagan Lake about 1.1 km away.
- Penticton Recreation & Wellness Centre about 390 m away, and Penticton Regional Hospital about 1.4 km away.
- Municipal water and sewer service, per the listing.
Things to check
- Built in 1968, so ask about the age and recent updates to the roof, furnace and other building systems.
- Heating is electric baseboard, so ask about the building's heating costs and any upgrade history.
- Confirm that the zoning allows six units and that the rental use is permitted.
- Ask for the current rent roll and tenancy agreements to confirm the rental income.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 631 Burns Street
Neighbourhood scores
8.9 / 10Walk & bike score: 7.5 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
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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
- $1,428,000
- MLS® number
- 10402133
- Property type
- Commercial · Multi-Family · Multi-family
- Ownership
- Freehold
- Lot size
- 0.14 acres · 0.14
- Year built
- 1968
- Annual taxes
- $7,145
- Community
- Main North, Penticton
Features
- Heating
- Baseboard heaters, Electric
- Parking
- Rear
- Water
- Municipal water
- Sewer
- Municipal sewage system
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Listing information is provided by Century 21 Amos Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.