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157 Wade Av W - Caprice Manor 17 Unit Apartment Building Offered at $2,595,000 CAD at a 4.70% Cap Rate Penticton, BC V2A 1T7
Investment Highlights
- Upside on tenant turnover
- Mix of 4 - Bachelor, 12 - 1 Bedroom Units and 1 Commercial Zoned House
- High growth community that saw CMHC average rents increase 4.7% in 2025
- Competitively Priced 15% below the 2026 BC Assessment Value
Executive Summary
This is a rare opportunity to acquire a low maintenance, 17 unit rental complex. Comprised of a 16-unit apartment building and a detached commercial-zoned house situated on a 0.32-acre site in one of Penticton’s most desirable rental locations. Built in 1975, the property has benefited from numerous recent capital improvements and offers strong in-place cash flow with significant future rental upside as suites turn over to market rents. Residents enjoy covered parking, storage lockers, an on-site laundry room, and convenient access to shopping, restaurants, transit, and everyday amenities. With Penticton’s low 2.2% CMHC vacancy rate supporting continued rental demand and the offering priced well below assessed value, this is a rare opportunity to secure both stable income and future value appreciation in one investment.
Property Facts
| Price | $2,595,000 CAD | Lot Size | 0.32 AC |
| Price Per Unit | $152,647 CAD | Building Size | 15,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 4.70% | No. Stories | 3 |
| No. Units | 17 | Year Built | 1975 |
| Property Type | Multifamily | ||
| Zoning | RM-2 | P1 - Zoned RM-2 | P1 and positioned as High Density Residential in the OCP | ||
| Price | $2,595,000 CAD |
| Price Per Unit | $152,647 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| No. Units | 17 |
| Property Type | Multifamily |
| Lot Size | 0.32 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1975 |
| Zoning | RM-2 | P1 - Zoned RM-2 | P1 and positioned as High Density Residential in the OCP |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Intercom
- Office
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Security System
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 12 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
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157 Wade Av W - Caprice Manor
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