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Investment signal

$825,000

157 WADE Avenue W

Save this home

Beds

Baths

Sqft

Year

1950

Type

Other

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

This property is to be sold in conjunction with 173 Wade Avenue. Excellent Investment opportunity. (id:65958)

Subtype
Other
Structure
Residential Commercial Mix
Community
Main North
Common interest
Freehold
Lot size
0.13 acres
Lot dimensions
0.13
Parking
1 total
On market
Aug 27, 2025
Status changed
Apr 24, 2026
Photos
8
MLS#
10360829
Area
PENTICTON

Features and systems

Parking

OtherAdditional Parking

Heating

Forced airElectricSee remarks

Cooling

Central air conditioning

Exterior

Vinyl siding

Roof

Asphalt shingleUnknown

Lot

See remarks
Negative cash flow ~$915/mo at these assumptions

Cash on cash

-6.65%

Cap rate

3.53%

GRM

16.7

Break-even rent

$5,088

Financing

Down payment$165,000
Loan amount$660,000
Mortgage$3,344/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$378
Insurance$80
Maintenance$688
CapEx reserve$344
Vacancy loss$206

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.

Mortgage estimate

Estimated $3,344/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 24, 2026.

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