Updates mentioned by the listing
- FlooringUpdated (year not given)“The property offers 18 generously sized one-bedroom suites, eight of which have been renovated with updated kitchens, bathrooms, flooring and paint.”
- Furnace / HVACUpdated (year not given)“Recent capital improvements include a new boiler system and pumps, a new hot water tank, additional laundry equipment, and a refurbished lobby with secure mailb”
- Hot waterUpdated (year not given)“Recent capital improvements include a new boiler system and pumps, a new hot water tank, additional laundry equipment, and a refurbished lobby with secure mailb”
From the listing description. Ask Sean to confirm ages and receipts before you write an offer.
About this home
Well-maintained two-storey apartment building in a prime walkable location, steps from downtown Penticton and all essential amenities. The property offers 18 generously sized one-bedroom suites, eight of which have been renovated with updated kitchens, bathrooms, flooring and paint. Recent capital improvements include a new boiler system and pumps, a new hot water tank, additional laundry equipment, and a refurbished lobby with secure mailboxes. With no balconies or elevator, the building is low-maintenance and efficient to operate. Ten of the 18 suites are renting $365 to $790 per month below market, and suites re-lease quickly on turnover. Each vacancy is an opportunity to mark rents to market. The property delivers a 5.4% cap rate on current rents, with a projected 7.6% at full market rents. That’s over $64,000 in additional annual NOI for a buyer to capture.
Living at 909 Fairview Road
Neighbourhood scores
8.9 / 10Walk & bike score: 7.8 / 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
- $2,995,000
- MLS® number
- 10403482
- Property type
- Commercial · Multi-Family · Multi-family
- Ownership
- Freehold
- Lot size
- 0.34 acres · 0.34
- Year built
- 1960
- Annual taxes
- $17,629
- Community
- Main North, Penticton
Features
- Cooling
- Wall unit
- Water
- Municipal water
- Sewer
- Municipal sewage system
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Listing information is provided by Chamberlain Property Group Inc. through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-16.