Multifamily in Penticton available for sale
2

Apartment Buildings for Sale in Penticton

The max can't be less than the min

Penticton Apartment Building for Sale

More details for 157 Wade Av W, Penticton, BC - Multifamily for Sale

Caprice Manor - 157 Wade Av W

Penticton, BC V2A 1T7

  • Multifamily for Sale
  • $2,595,000 CAD
  • 15,000 SF
  • Air Conditioning
  • Security System
  • 24 Hour Access
  • Smoke Detector

Penticton Multifamily for Sale

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.

Contact:

Royal LePage City Centre

Property Subtype:

Apartment

Date on Market:

2026-07-24
Hide
See More
1-2 of 2
  2. 1
LoopNet Canada British Columbia Apartment Buildings For Sale in Penticton, BC, Canada

Learn More About Investing in Apartment Buildings

More Articles
Understanding Cap Rates in Commercial Real Estate
Understanding Cap Rates in Commercial Real Estate
Calculating and Interpreting Cap Rates for Canadian Investors
Types of Commercial Leases: From Gross to Triple Net
Types of Commercial Leases: From Gross to Triple Net
Understanding the Different Lease Structures for Your Business Space
Commercial Real Estate Investing: Your Path to Market Success
Commercial Real Estate Investing: Your Path to Market Success
Your guide to starting and thriving in Canadian commercial property investments
Apartment Building Investment: A Strategic Market Overview
Apartment Building Investment: A Strategic Market Overview
Essential Insights and Practical Strategies for Building Your Multi-Family Portfolio
How to Rent an Office for Your Business in Canada
How to Rent an Office for Your Business in Canada
Learn About the Costs, Types of Office Spaces, and Key Considerations for Leasing the Ideal Commercial Space
Understanding Common Area Maintenance (CAM) Charges
Understanding Common Area Maintenance (CAM) Charges
Grasping Common Area Maintenance (CAM) Fees for Better Commercial Real Estate Decisions
How to Buy Land: From Raw to Ready for Development
How to Buy Land: From Raw to Ready for Development
Understanding Land Types and Purchase Requirements for Property Investment
REIT Investment Strategies: Building Real Estate Wealth
REIT Investment Strategies: Building Real Estate Wealth
Understanding Investment Trusts and Creating Your Portfolio Strategy

Apartment Buildings for Sale in Penticton

View All Available Listings
How many apartment buildings are available for sale in Penticton?
There are currently 3 apartment buildings available for sale in Penticton, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in Penticton?
The average size of apartment buildings available for sale in Penticton is about 17,023 SF. The largest apartment buildings available to buy is 18,034 SF and the smallest is 15,000 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for apartment buildings in Penticton?
The average market cap rate for apartment buildings for sale is about 4.53% based on data provided in Penticton. Learn more about how cap rates are calculated.
Nearby Cities
Other Property Types