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Investment signal

$659,000

797 FORESTBROOK Drive

Beds

Baths

Sqft

—

Year

1956

Location

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About this home

Great opportunity for first-time buyers or savvy investors! This solid 3-bedroom rancher sits on a generous .156 acre corner lot in a highly convenient location—just steps to schools, parks, downtown amenities, and the scenic creek pathway. The home features a bright and spacious living room with original hardwood floors, a charming eat-in kitchen, and a functional layout with three well-sized bedrooms and a full bathroom—perfect for a young family or rental potential. Enjoy outdoor living with a large covered side deck and a private, fully fenced backyard offering plenty of space. Zoned R2 with future development potential, this property presents an excellent opportunity for redevelopment (subject to city approval), similar to the multi-family projects nearby. With strong growth and ongoing investment in the area, this is a smart buy now and hold or build opportunity. Rented presently to a really nice tenants on a month to month basis. Don’t miss out, great value in a growing neighborhood! (id:65958)

Subtype: Single Family
Architectural style: Ranch
Structure: House
Community: Main North
Common interest: Freehold
Living area: 883 square feet
Lot size: 0.16 acres
Lot dimensions: 0.16
Parking: 1 total
Stories: 1
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $374.34
Photos: 41
MLS#: 10383998
Area: PENTICTON

Features and systems

Parking

OtherAdditional Parking

Basement

Partial

Appliances

RefrigeratorRangeDryer

Heating

Forced airElectricSee remarks

Cooling

Central air conditioning

Exterior

StuccoWood siding

Roof

Asphalt shingleUnknown

Lot

Corner Site

Negative cash flow ~$1,305/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.88%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,674

Financing

Down payment$131,800

Loan amount$527,200

Mortgage$3,234/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$302

Insurance$80

Maintenance$549

CapEx reserve$275

Vacancy loss$165

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 $3,234/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 17, 2026.