CAD $3,795,000
260 Okanagan Avenue E, Penticton, BC, V2A 3J7, CA
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Listing Courtesy of  Engel & Volkers South Okanagan
29,621 sq.ft
AM-5071687
MLS#: 10340022

Income Opportunity in Penticton


Presenting a prime investment opportunity with a mixed-use industrial building offering approximately 33,784 square feet of space on a .678-acre lot, ideally located at the corner of Okanagan and Camrose Avenue in Penticton BC, just a few blocks from Main Street. This versatile property is currently utilized for self-storage, space rentals, and warehouse purposes, providing multiple revenue streams under one roof. The current tenant, who has already invested over $1,174,000 in building
improvements since 2021—including the installation of an elevator, upgraded electrical systems, fire suppression, accessible washrooms, and more—has expressed readiness to sign a long-term, 10-year triple net lease. This setup offers a stable, hands-off income opportunity with minimal management responsibility, backed by a reliable, committed tenant. The proposed lease rate offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio.
improvements since 2021—including the installation of an elevator, upgraded electrical systems, fire suppression, accessible washrooms, and more—has expressed readiness to sign a long-term, 10-year triple net lease. This setup offers a stable, hands-off income opportunity with minimal management responsibility, backed by a reliable, committed tenant. The proposed lease rate offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio.
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Listing Highlights

  • Subtype

    Mixed Use
  • Year Built

    1960
  • Stories

    2
  • Tax Annual Amount

    $41,703
  • Lot Size (Acres)

    0.68
  • Cooling

    Central Air

Property Details

  • Interior Features

      Interior Features

    • Security Features: Building Security, Fire Sprinkler System, Smoke Detector(s), Security System
    • Heating & Cooling

    • Cooling: Central Air
  • Utilities
    Water Source
    Public
    Sewer
    Public Sewer
  • Construction
    Property Type
    Commercial Sale
    Construction Materials
    Block, Stucco
    Year Built
    1960
    Property Subtype
    Mixed Use
    Foundation Details
    Concrete Perimeter
    New Construction
    No
  • Parking
    Garage
    No
    Parking Features
    Open, Guest

Location

  • BC
  • Penticton
  • V2A 3J7
  • 260 Okanagan Avenue E

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CAD $22,146.59

This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

ACTRIS does not verify the information provided in the MLS and disclaims any responsibility for its accuracy and availability. The MLS is made available AS IS and WHEN AVAILABLE. Each Participant and Subscriber agrees to defend and hold ACTRIS harmless from and against any liability arising from any inaccuracy or inadequacy of the information such Participant or Subscriber provides and or any claim based on such Participant or Subscriber’s use of the MLS. Each Participant should verify the accuracy of its information as disseminated through the MLS to all other Participants and immediately notify ACTRIS of any corrections. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Association of Interior Realtors (AIR)

Updated: April 11, 2025 7:10 AM