$1,950,000
173 Wade Avenue W
Beds
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Baths
—
Sqft
—
Year
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Type
Other
Suite
Suite potential
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
STABLE 5.7% CAP RATE – CENTRAL INVESTMENT PACKAGE. Secure a high-performance multi-family asset in a premier rental market. This offering features a well-maintained 16-unit apartment building (173 Wade Ave W), recently upgraded with a new roof, and the adjacent property (157 Wade Ave). Sold together for $2,775,000, this side-by-side assembly provides immediate operational efficiency and significant scale. With steady rental income already in place and a central location steps from transit, shopping, and amenities, this is a blue-chip addition to any portfolio with exceptional long-term growth potential. (id:65958)
- Subtype
- Other
- Structure
- Residential Commercial Mix
- Community
- Main North
- On market
- Dec 11, 2025
- Status changed
- Apr 24, 2026
- Photos
- 6
- MLS#
- 10370908
- Area
- PENTICTON
Cash on cash
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$11,911
Financing
Operating expenses (monthly)
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
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.