Investment signal

$469,000

43 Van Horne Street

Beds

Baths

Sqft

Year

About this home

CONTIGENT to Seller Removing the existing House. A chance to purchase an amazing 38 x 120 foot building lot in the coveted north end of Penticton. Walking score is off the charts with mere steps to Lake Okanagan, the Penticton Yacht Club, and all the downtown parks and restaurants. Lane access opens up all kinds of possibilities for building your dream home or multi family. Next door lot is also available to combine and maximize the number of units. (id:65958)

Subtype
Recreational
Lot size
0.1 acres
MLS#
10383664
Area
PENTICTON
Negative cash flow ~$903/mo at these assumptions

Cash on cash

-11.55%

Cap rate

3.58%

GRM

16.3

Break-even rent

$3,351

Financing

Down payment$93,800
Loan amount$375,200
Mortgage$2,302/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$215
Insurance$80
Maintenance$391
CapEx reserve$195
Vacancy loss$120

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.

Mortgage estimate

Estimated $2,302/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.

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