Investment signal

$469,000

31 Van Horne Street

Save this home

Beds

Baths

Sqft

Year

Type

Vacant Land

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

CONTINGENT 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
Vacant Land
Structure
Other
Community
Main North
Common interest
Freehold
Lot size
0.1 acres
Lot dimensions
0.1
On market
Apr 15, 2026
Status changed
Apr 15, 2026
Annual tax
$5,634.56
Photos
1
MLS#
10383676
Area
PENTICTON

Features and systems

Utilities

WaterSewerNatural GasElectricity
Negative cash flow ~$502/mo at these assumptions

Cash on cash

-6.43%

Cap rate

3.58%

GRM

16.3

Break-even rent

$2,929

Financing

Down payment$93,800
Loan amount$375,200
Mortgage$1,901/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: 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 $1,901/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 15, 2026.

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