197 Warren Avenue Unit# 102 — Penticton, British Columbia

V2A8N8

About This Property

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:63357)

Property Location

Property Details

Property Type: Commercial
Half Baths: 0
Living Area: 0 sqft
Status: Active

Location & Neighborhood

What's nearby 197 Warren Avenue Unit# 102

Nearby Schools

Carmi Elementary School
elementary
0.7 km

Transit Access

200_block_E Warren (EB)
Bus Stop
0.1 km
E Warren at Camrose (EB)
Bus Stop
0.2 km
Main at E Okanagan (NB)
Bus Stop
0.3 km
Government at E Okanagan (SB)
Bus Stop
0.4 km
Main at E Okanagan (SB)
Bus Stop
0.4 km

POI data updated 1/31/2026

Penticton Market Snapshot

421

Active Listings

$645K

Median Price

Avg Days on Market

Last updated: Jan 10, 2026

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Listed by

RE/MAX Wine Capital Realty

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$999,000