909 Fairview Road
Penticton, BC V2A5Z1
$3,250,000
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 0.34 acres
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Annual property tax
- $14,703.44
Interior
- Cooling / A/C
- Wall unit
- Fireplace
- None
Building
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Security
- Security
- Parcel ID (PID)
- 007-637-195
Listing Information
- MLS®
- 10386430
- Listed
- May 6, 2026
- Time on market
- On the market for 129 days
- Data last synced
- September 13, 2026
Listing provided by: Chamberlain Property Group Inc. · Data source: CREA DDF.
Description
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:63159)
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Main North average
$525/sqft
4 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
19°C
Mostly Cloudy
Humidity 37%
Wind NNW 12 km/h
Tonight
11°
Sunday
20°
Sunday night
9°
Monday
23°
Monday night
11°
Tuesday
20°
Source: Environment and Climate Change Canada.
Population
36,885
(2021 Census)
+9.3% since 2016
Density: 857.2/km²
Dwellings: 18,457
Median household income: $68,000
After-tax: $61,600
Immigrant population: 13.4%
Top countries of origin (% of total population)
- United Kingdom2.6% · 960
- India1.5% · 535
- United States of America1.1% · 415
- Germany1.1% · 390
- Philippines1% · 375
- Portugal0.5% · 200
- Netherlands0.5% · 175
- Korea, South0.3% · 110
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Penticton Christian School(Independent) | K-12 | 304 m |
| Secondaire de Penticton | Secondary | 486 m |
| Penticton Secondary | Secondary | 486 m |
| ConnectEd - Alternative Programs | Secondary | 626 m |
| Holy Cross School(Independent) | Elementary/Middle | 633 m |
| Queens Park Elementary | Elementary | 1.2 km |
| Entre-lacs | Elementary/Middle | 1.6 km |
| Uplands Elementary | Elementary | 1.8 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (5+)
- Bogners · 302 West Eckhardt Avenue402 m
- Penticton Pizza & Subs439 m
- Theo's Restaurant498 m
- Lala Ji's Pizzeria578 m
- False Bay Savoury Pies · 98 White Avenue West587 m
Cafes (2)
- Starbucks548 m
- Angry Vegan · 536 Main Street726 m
Grocery (1)
- Safeway522 m
Parks (5+)
- Unnamed164 m
- Unnamed267 m
- Unnamed337 m
- Unnamed395 m
- Kiawanis Park615 m
Gyms (1)
- Unnamed319 m
Pharmacies (2)
- Sunrise Pharmacy · 749 Main Street418 m
- Shoppers Drug Mart451 m
Banks & ATMs (1)
- Unnamed531 m
Healthcare (2)
- Foundry Pentiction · 501 Main Street755 m
- Penticton Pediatric Therapy784 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($650,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.