Penticton Commercial Properties for Sale

Commercial Real Estate in Penticton available for sale

Penticton Commercial Property for Sale

351 Westminster Av W

Penticton, BC V2A 1K3

Retail for Sale
$1,950,000 CAD
5,932 SF

Penticton Retail for Sale

Rare opportunity to acquire a DP-ready multifamily development site in the heart of Penticton's downtown core. Situated on a highly visible corner lot with direct frontage on Westminster Ave W, one of Penticton's primary arterial corridors, this 0.311-acre site offers immediate proximity to Okanagan Lake, Main Street dining and retail, and the South Okanagan Events Centre. All development permit work is complete with entitlements secured and a full architectural drawing package prepared. The approved design calls for a 6-storey, 36-unit marketing apartment building totaling 44,665 SF of net floor area with units averaging 1,100 SF. Existing structures on site provide immediate cash flow to offset carrying costs through the pre-development period. Penticton continues to experience strong population growth and sustained demand for quality multifamily housing, with the municipality actively supporting increased residential density through expedited approvals and transit-oriented development initiatives. Full DP drawing package, financial proforma, and due diligence material available in the data room upon execution of a confidentiality agreement - contact the listing agents for access.

Contact:

Colliers

Date on Market:

2026-05-12

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457 Ellis St

Penticton, BC V2A 4M1

Land for Sale
$657,500 CAD
0.07 AC Lot

Penticton Land for Sale

To acquire a 2,997.27 square foot high density development site situated on a downtown lot in Penticton, BC.

Contact:

Macdonald Commercial

Property Subtype:

Commercial

Date on Market:

2026-05-06

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More details for 1491 Government St, Penticton, BC - Multifamily for Sale

Sunrise Apartments - 1491 Government St

Penticton, BC V2A 4V9

Multifamily for Sale
$1,925,000 CAD
5,822 SF

Air Conditioning
Controlled Access
Kitchen
Smoke Detector

Penticton Multifamily for Sale

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.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-03-03

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101 Martin St and 98 Winnipeg St

Land for Sale
$4,533,000 CAD
0.75 AC
2 Land Properties

Penticton Portfolio of properties for Sale

Exceptional opportunity to purchase a ±0.95 acres development site suitable for condominiums or purpose built rental apartments. Current zoning: P1. The Property is offered in its current zoning. The Seller will consider offers conditional upon the Buyer obtaining rezoning to C5 (Urban Centre Commercial). C5 zoning allows gross FAR of up to 6.0, providing meaningful density potential. Dual site access via Martin Street and Winnipeg Street. No minimum parking requirements under C5 zoning, enhancing developable efficiency and project economics. Ground-floor commercial required, with residential permitted above, aligning with modern mixed-use urban development trends. List price equates to ~$110/SF of land. Occupancy required through end of 2026; flexible closing/leaseback options available. CMHC-reported Penticton rental vacancy rate of approximately 2.6%, underscoring strong rental demand fundamentals.

Contact:

HM Commercial Group

Date on Market:

2026-03-02

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3610 Pine Hills Dr

Penticton, BC V2A 9A2

Sports & Entertainment for Sale
$12,000,000 CAD
5,177 SF

Penticton Sports & Entertainment for Sale

I am pleased to offer this magnificent property overlooking the spectacular Lake Okanagan. An Exceptional Property with a 9 Hole Golf Course and Driving Range. The Golf Club is situated on 46 plus acres. The property is zoned CT3 – Golf Course Commercial. The zoning allows for a dwelling unit and up to ten accommodation units. The property consists of a 9-hole golf course and a driving range and the associated maintenance equipment. This course is often the only one open in the winter season, with great exposure, it is often free of snow!

Contact:

RE/MAX Kelowna

Property Subtype:

Golf Course/Driving Range

Date on Market:

2025-07-22

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More details for 274 Lakeshore Dr, Penticton, BC - Hospitality for Sale

Slumber Lodge Penticton - 274 Lakeshore Dr

Penticton, BC V2A 1B8

Hospitality for Sale
$13,000,000 CAD
34,776 SF

Pool
Restaurant

Penticton Hospitality for Sale

46 room motel - many upgrades. Close to downtown and the beach.

Contact:

Interlink Realty

Property Subtype:

Hotel

Date on Market:

2025-07-22

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120 Calgary Av

Penticton, BC V2A 2T6

Multifamily for Sale
$1,299,000 CAD
4,177 SF

Air Conditioning
Controlled Access
Kitchen
Smoke Detector

Penticton Multifamily for Sale

2018-built FOUR-PLEX offers two 2-bed/2-bath units and two 1-bed/1-bath units, each with in-suite laundry and separate metering. Rented for $6,183 PER MONTH / $74,196 PER YEAR. The property is centrally located near Safeway, Starbucks, Shoppers Drug Mart, and BC Liquor Stores, with designated parking. Penticton has low vacancy rates, so expect a solid CAP rate. CHMC MORTGAGE AVAILABLE if you purchase both buildings (40 - 50 year amortization). Property Type - Single Family Building Type - Fourplex Storeys - 2 Square Footage - 3002 sqft Neighbourhood Name - Main North Title - Freehold Land Size - 0.11 ac|under 1 acre Built in - 2018 Annual Property Taxes - $6,918.92 Total Parking Spaces - 3 Appliances Included - Range, Refrigerator, Dishwasher, Washer & Dryer Flooring - Laminate, Tile Cooling - Heat Pump Heating Type - (Electric), Heat Pump Utility Sewer - Municipal sewage system Water - Municipal water

Contact:

Jared Gibbons

Property Subtype:

Apartment

Date on Market:

2025-04-17

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Crestview Manor & Spanish Villa

Multifamily for Sale
$16,000,000 CAD
71,490 SF
2 Multifamily Properties

Penticton Portfolio of properties for Sale

The McEvay Blair Multifamily Group of Marcus & Millichap presents an opportunity to acquire Spanish Villa and Crestview Manor, two 42-suite apartment buildings in close proximity to each other near downtown Penticton. Both properties have been family operated for nearly 20 years and are professionally managed by the family’s in-house management team. Spanish Villa and Crestview Manor each have their own distinct character, yet both provide investors with strong in place cash flow and a clear path to revenue growth through targeted renovation programs. With over $1.3 million in capital improvements invested since 2018, key infrastructure has been enhanced—allowing investors to focus on unit upgrades upon tenant turnover. The properties are held in bare trusts, and while a portfolio sale is preferred, individual offers will be considered.

Contact:

Marcus & Millichap

Property Subtype:

Multi Family

Date on Market:

2025-03-07

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559 Okanagan Av E

Penticton, BC V2A 3K4

Industrial for Sale
$3,395,000 CAD
18,467 SF

Penticton Industrial for Sale

Excellent income opportunity with this fully leased industrial investment property. Property is leased to a long-term secure tenant, Slimline Manufacturing, who has been in business since 1950 and has resided in this location for 34 years. Current 10 year lease term runs until May 29, 2028 with 2 renewal options of 5 years remaining. Cap rate on current rents is approx. 5.20% with future potential to earn a mid-6% cap. Same property owner since 1990, and the building has been well maintained and updated. 0.62 acre corner site with secure fenced yard and 1 below grade loading dock. 17,442 SF building comprised of 15,684 SF main floor warehouse and 1,758 SF 2nd floor office, large staff room, and washrooms. 24 on-site parking spaces along Okanagan Avenue and Dartmouth Road. Property is zoned M1 General Industrial. Located in the main industrial area of Penticton, at the corner of Dartmouth Rd and Okanagan Ave. The property is close to Canadian Tire, Home Hardware, Walmart & Safeway Grocers. The property is also down the street from Penticton Regional Hospital and the proposed 10+ acre multi-use development at 1704 Government Street, which will create 1,500 residential homes, plus office and retail space.

Contact:

HM Commercial Group

Property Subtype:

Manufacturing

Date on Market:

2024-03-25

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Commercial Properties for Sale in Penticton

View All Available Listings

How many commercial properties are available for sale in Penticton?

There are currently 10 commercial properties available for sale in Penticton, offering a unique opportunity for businesses to establish a presence.

How big are the commercial properties available for sale in Penticton?

The average size of commercial properties available for sale in Penticton is about 27,166 SF. The largest commercial properties available to buy is 71,490 SF and the smallest is 4,177 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 commercial properties in Penticton?

The average market cap rate for commercial properties for sale is about 5.28% based on data provided in Penticton. Learn more about how cap rates are calculated.

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