Sunrise Apartments 1491 Government St 11 Unit Apartment Building $1,925,000 CAD ($175,000 CAD/Unit) 5.76% Cap Rate Penticton, BC V2A 4V9

Sunrise Apartments at 1491 Government Street in Penticton offers an opportunity to acquire a well-maintained, boutique 11-unit multi-family building situated directly across from Penticton Regional Hospital. The property features a history of significant recent upgrades, stable operations, and clear potential for further rental upside. With proximity to major amenities, strong tenant demand, and additional revenue streams from storage and laundry, the asset presents a compelling investment for those looking to expand or establish a portfolio in the Okanagan.
Positioned in central Penticton, the property benefits from its walkable location near Main Street, providing immediate access to grocery stores, retail plazas, dining options, parks, and recreation facilities. Its location directly across from Penticton Regional Hospital enhances long-term rental demand. The building itself comprises 11 suites over two storeys plus a basement, with on-site parking, storage lockers, and a series of recent upgrades including exterior paint, common-area improvements, mechanical replacements, and site enhancements.