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Investment signal

$899,000

6239 MAIN Street

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Beds

—

Baths

—

Sqft

—

Year

1924

Type

Other

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Oliver. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional investment opportunity on busy Highway 97 in Oliver, offering high visibility and stable income. This well-maintained commercial building features a diverse mix of office and retail tenants, with three anchor tenants occupying over 80% of the rentable space, providing long-term stability. The building also includes six smaller offices, catering to a range of professional and service-based users. The property offers 8,000 sq ft of total building area, with approximately 6,800 sq ft of leasable space, making it an efficient and income-generating asset. Numerous upgrades have been completed over the past 20 years, ensuring solid infrastructure and reduced maintenance requirements for years to come. This fully tenanted building generates an attractive 8% plus capitalization rate, ideal for investors seeking a strong return in a growing South Okanagan market. (id:65958)

Subtype: Other
Structure: Residential Commercial Mix
Community: Oliver
Living area: 8,000 square feet
Lot size: 0.14 acres
Lot dimensions: 0.14
On market: Feb 4, 2026
Status changed: Apr 24, 2026
Annual tax: $11,597.9
Photos: 17
MLS#: 10374916
Area: OLIVER

Features and systems

Heating

Forced airSee remarks

Community

High Traffic Area

Negative cash flow ~$985/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

-6.57%

Cap rate

3.55%

GRM

16.6

Break-even rent

$5,537

Financing

Down payment$179,800

Loan amount$719,200

Mortgage$3,644/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412

Insurance$80

Maintenance$749

CapEx reserve$375

Vacancy loss$225

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 $3,644/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.