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$999,000
British Columbia,Penticton
For Sale Active
197 Warren Avenue Unit# 102, Penticton, British Columbia V2A8N8
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Basic Details
Description

Excellent opportunity to acquire a well-performing commercial strata unit in Penticton. This 4,800 sq. ft. unit is occupied by a stable, long-term tenant who has been in place for over 10 years. A new 5-year escalating lease was signed in November 2025, providing strong and predictable income growth. At the current asking price, the property offers an attractive 6.4% cap

rate, which is projected to increase to approximately 7.5% by the end of the lease term. This is a true hands-off investment, as all exterior repairs, maintenance, and common area responsibilities are managed by the strata. Ideal for investors seeking secure cash flow, long-term stability, and minimal management in a prime Penticton location (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 10372408
  • Price: $999,000
  • Status: Active
  • Office Name: RE/MAX Wine Capital Realty
  • Property Sub Type: Business
  • Office Key: 94231
Address Map
  • Location: CA, British Columbia, Penticton, V2A8N8
  • Street: Warren
  • Street Number: 197
  • Street Suffix: Avenue
  • Longitude: W120° 25' 17.3''
  • Latitude: N49° 28' 33.1''
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Listing updated: 2026-03-07 04:35:19
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Listing Information
  • List Agent Key: 1898285
  • List Office Key: 94231
  • Modification Timestamp: 2026-01-10T20:00:58Z
  • Originating System Name: Association of Interior REALTORS®
  • Status Change Timestamp: 2026-01-10T19:51:09Z
Powered by REALTOR.ca
Listing updated: 2026-03-07 04:35:20
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