173 Wade Avenue West, Penticton, BC

An exceptional opportunity to acquire a well-maintained 16-unit apartment building with an included detached commercial-zoned house situated on a combined 0.32-acre site in one of Penticton’s most desirable rental locations. Built in 1975, the property has benefited from numerous recent capital improvements and offers strong in-place cash flow with significant future rental upside as suites turn over to market rents. Residents enjoy covered parking, storage lockers, an on-site laundry room, and convenient access to shopping, restaurants, transit, and everyday amenities. Located within the High Density Residential designation, the property also presents compelling long-term redevelopment potential. With Penticton’s low 2.2% CMHC vacancy rate supporting continued rental demand and the offering priced well below assessed value, this is a rare opportunity to secure both stable income and future value appreciation in one investment.