About 909 Fairview Road
Well-maintained two-storey apartment building in a prime walkable location — steps from downtown Penticton and all essential amenities. The property comprises 18 one-bedroom units, seven of these have been fully remodelled with updated kitchens, bathrooms, flooring, and paint. Recent capital improvements include a new boiler and pumps, hot water tank, additional laundry appliances, and a refurbished lobby with secure mailboxes. With no balconies or elevator, the building is exceptionally low-maintenance and operationally efficient. More than half the units remain substantially below market rent, and the property re-leases quickly with minimal vacancy exposure — each turnover a mark-to-market opportunity. Strong occupancy underpins stable cash flow, with a projected capitalization rate of 7.31% at full market rents (id:6289)
Amenities of 909 Fairview Road
| Is Waterfront |
No
|
| Has Pool |
No
|
Interior of 909 Fairview Road
| Cooling |
Wall unit
|
| Fireplace |
No
|
| Has Basement |
No
|
Exterior of 909 Fairview Road
Listing Details
| Office | Chamberlain Property Group Inc. |
|---|
Map To 909 Fairview Road, Penticton
