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Investment signal

$939,900

1524 RIDGEDALE Avenue

Save this home

Beds

4

Baths

3

Sqft

Year

1959

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Penticton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Great investment opportunity or perfect family home! This incredible property is currently tenanted and offered turnkey with furniture and housewares included—ready to generate income or move in and enjoy full-time. Inside, a bright, functional layout features built-in storage in the kitchen and dining area, while a 2-sided stone fireplace (WETT certified) adds cozy charm to both the living and dining spaces. The bathroom offers dual sinks and a relaxing soaker tub. Numerous upgrades have been completed, including the furnace, flooring, paint, kitchen countertops, windows, bathrooms, deck, pool filter and liner, and ductless heat pumps. Outside, enjoy a large irrigated yard, carport, private covered deck, and open patio with stunning mountain views. The highlight is the 40x20 inground pool—perfect for South Okanagan living. Located in a desirable Penticton neighbourhood close to Columbia Elementary School, shops, and amenities, this property offers exceptional lifestyle and investment potential. For more information or to book a private tour reach out today! (id:65958)

Subtype
Single Family
Architectural style
Ranch
Structure
House
Community
Columbia/Duncan
Common interest
Freehold
Living area
2,397 square feet
Lot size
0.18 acres
Lot dimensions
0.18
Parking
3 total
Stories
1
Fireplace
2
On market
Apr 27, 2026
Status changed
Apr 29, 2026
Annual tax
$5,891.35
Photos
49
MLS#
10384866
Area
PENTICTON

Features and systems

Parking

Carport

Basement

Full

Appliances

WasherRefrigeratorOven - ElectricCooktop - ElectricDishwasherDryerMicrowave

Heating

Forced airElectricSee remarksOther

Cooling

See Remarks

Exterior

Vinyl siding

Roof

Tar & gravelUnknown

Lot

Level lot

Community

Family Oriented

View

Mountain view

Pool

Pool
Negative cash flow ~$1,031/mo at these assumptions

Cash on cash

-6.58%

Cap rate

3.55%

GRM

16.7

Break-even rent

$5,785

Financing

Down payment$187,980
Loan amount$751,920
Mortgage$3,810/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$431
Insurance$80
Maintenance$783
CapEx reserve$392
Vacancy loss$235

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Penticton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,810/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.

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