MLS: 10375774
341 HAYNES Street
$2,299,000
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 5.21%. 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:6770)
Investment Opportunities Multi Family < 1 Acre NewListed by Kirk Chamberlain
Chamberlain Property Group
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Overview
- Price $2,299,000
- MLS # 10375774
- Age 1969
- Stories 3
- Water Municipal water
- Sewer Municipal sewage system
- Listing Agent Kirk Chamberlain
- Listing Office Chamberlain Property Group
Contact an agent for more information or to set up a viewing.
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