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Investment signal

$1,995,000

275 Okanagan Avenue E

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Investment signal

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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

Cap Rate: 6.5+% - This 10,392 sq. ft. two-storey building its on a fully fenced 0.5-acre site and includes commercial/retail space, office areas, residents and a secure storage facility. The second floor is partially improved for office use and staff accommodations. Offered at a 6.5%+ CAP RATE Steel and wood construction with ICF foundation, Metal/stucco exterior with torch-on roofing (2019), 400 Amp power, HVAC, and copper plumbing, Secure key fob access, video surveillance, motion sensors, Large fenced yard with 85 self-storage units and one 24'x25' oversized unit. Great opportunity for investors or owner-occupiers looking for cash flow, expansion space, or redevelopment potential. This well-located industrial property in Penticton offers a unique opportunity to acquire a mixed-use, income-generating asset in the heart of an established industrial district. Property only, business not for sale. (id:65958)

Subtype: Other
Structure: Residential Commercial Mix
Community: Industrial Area
Living area: 10,392 square feet
Lot size: 0.5 acres
Lot dimensions: 0.5
On market: Oct 15, 2025
Status changed: Apr 24, 2026
Photos: 15
MLS#: 10365800
Area: PENTICTON

Features and systems

Exterior

WoodMetal

Roof

MetalOtherUnknown

Foundation

Insulated Concrete Forms

Negative cash flow ~$2,099/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.31%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,184

Financing

Down payment$399,000

Loan amount$1,596,000

Mortgage$8,087/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$914

Insurance$80

Maintenance$1,663

CapEx reserve$831

Vacancy loss$499

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 $8,087/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.