$2,299,000

341 HAYNES Street, Penticton, British Columbia, V2A 5S1

MLS® # 10388032

Penticton BC, V2A 5S1

MLS® # 10388032

Property Information:

Exceptional multi-family investment opportunity in the heart of downtown Penticton. This 12-unit apartment building offers a well-balanced suite mix consisting of 3 bachelor units, 1 bachelor plus den, and 8 one-bedroom units—appealing to a broad tenant demographic. The property benefits from long-term tenancy and consistent income performance, with a current CAP rate of 5.02%. A roof replacement completed in 2021 enhances the building’s overall stability and reduces near-term capital expenditure risk. Strategically located within walking distance to Okanagan Beach, the downtown core, restaurants, pubs, and the South Okanagan Events Centre, this asset sits in a highly desirable rental corridor with strong, sustained demand. An excellent holding property with stable cash flow and future rental upside potential in one of Penticton’s most walkable and vibrant neighbourhoods. Contact the listing representative for a detailed financial package and additional due diligence information. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Fire Protection:
Heating Type: Baseboard heaters
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Easy access
Amenities Nearby: Park, Recreation, Schools, Shopping
Built in: 1969
Irregular: Yes
Lot Size: 0.27 Acres
Sewer: Municipal sewage system
Parking Type: Street, Rear

Courtesy of: Chamberlain Property Group

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⚠ Potential Investment Performance

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Market Price Trends

Location of 341 HAYNES Street, Penticton, British Columbia, V2A 5S1

Lifestyle
Neighbourhood

Demographic Information of 341 HAYNES Street, Penticton, British Columbia, V2A 5S1

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$80,378.48

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.07 %

High school certificate or equivalent

38.94 %

Apprenticeship trade certificate/diploma

6.9 %

College/non-university certificate

22.69 %

University certificate (below bachelor)

0.27 %

University Degree

13.14 %

Commuter

Travel To Work

By Car

72.74 %

By Public Transit

3.55 %

By Walking

14.87 %

By Bicycle

3.44 %

By Other Methods

5.4 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.8 %

Houses

59.2 %

Own Vs. Rent