No photos available
Investment signal

$475,000

3311 Wilson Street Unit# 406

Beds

2

Baths

2

Sqft

Year

2007

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

About this home

TOP FLOOR Bright, South Facing 2 Bedroom, 2 Bath at The Verana! So many possibilities - primary residence, vacation home, or investment property in the heart of the sunny South Okanagan, between two lakes, it’s THE place to be! This is not your average high-rise apartment. The Verana is two attractive, quality, four-storey buildings, with secure underground parking and plenty of storage, which flank the welcoming clubhouse, featuring a cozy fireplace, comfy seating, pool table, fitness room, bathrooms, and outdoor seating with chairs and picnic benches too, so you can soak up the sun! Located at the south end of Penticton, this modern complex is close to beaches and parks – perfect for walking, cycling, enjoying nature, or socializing – whatever you enjoy most. #406 is a gem – top floor so no one above you, vaulted ceilings, a wall of windows, open and airy, offering everything you need to live your best life – the great room consists of a super functional kitchen with island, dining nook, and living area. Both bedrooms offer walk -through closets and ensuite bathrooms. There is in-suite laundry, ample storage, and a built-in desk off the kitchen. Secure underground parking, with an additional storage unit right where you park. Updates: Heat Pump 2020, Capacitor 2025, Fresh Paint in Great Room, Hallway, and Primary Bedroom 2025. This home shows well, is priced to sell, and quick possession is possible. Don’t miss this! Measurements by Matterport. Buyer to verify if important. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Main South
Common interest
Condo/Strata
Living area
1,055 square feet
Parking
1 total
Condo/HOA fee
$460.54 monthly
Stories
1
On market
Apr 7, 2026
Status changed
Apr 15, 2026
Annual tax
$2,466
Photos
34
MLS#
10382303
Area
PENTICTON

Features and systems

Parking

Underground

Heating

Forced airElectric

Cooling

Central air conditioning

Exterior

Stucco

Roof

UnknownUnknown

Lot

BalconyOne Balcony

Community

Pets AllowedRecreational FacilitiesPet RestrictionsRentals Allowed

Fee includes

Property ManagementGround MaintenanceInsuranceOther, See RemarksRecreation FacilitiesReserve Fund Contributions
Negative cash flow ~$966/mo at these assumptions

Cash on cash

-12.21%

Cap rate

3.45%

GRM

16.7

Break-even rent

$3,392

Financing

Down payment$95,000
Loan amount$380,000
Mortgage$2,331/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$218
Insurance$80
Maintenance$396
CapEx reserve$198
Vacancy loss$119

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle 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 $2,331/mo at 5.49% with 20% down, 25-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 15, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.