Located at 120 Calgary Avenue, this fourplex in Penticton offers a great opportunity for investors seeking consistent rental income. Built in 2018, the property features two 2-bedroom/2-bathroom units and two 1-bedroom/1-bathroom units, each with in-suite laundry and separate metering. Currently rented for $6,183 per month (or $74,196 per year), this property ensures a solid return in a market with low vacancy rates.
Investment Potential of this Fourplex in Penticton
This fourplex in Penticton offers more than just stable cash flow—it’s located in a prime area for rental properties. With separate metering and modern design, it attracts long-term tenants and provides an excellent opportunity for a high CAP rate.
- Building Type: Fourplex
- Year Built: 2018
- Square Footage: 3,002 sqft (two storeys)
- Land Size: 0.1 acres
- Annual Property Taxes: $6,918.92
- Total Parking Spaces: 3
- Community Features: Pets allowed with restrictions, rentals allowed
Key Location Features Near 120 Calgary Avenue
This fourplex in Penticton benefits from a fantastic location, with convenient access to essential amenities:
- Safeway: Convenient grocery shopping
- Starbucks: Your neighborhood coffee shop
- Shoppers Drug Mart: For pharmacy and daily needs
- BC Liquor Stores: For liquor and spirits
- Penticton Regional Airport: Convenient access for travelers
- Schools, Parks, Recreation, and Transit: All nearby for ease of living.
Why Choose This Fourplex in Penticton?
With low vacancy rates and high demand for rental properties in Penticton, this fourplex is a wise investment choice. Additionally, the option of CMHC financing is available if you purchase 120 Calgary Avenue, providing an even greater investment opportunity with 40 to 50-year amortization.
Contact Jared Gibbons for More Information
Take the next step in your investment journey and schedule a viewing of this fourplex in Penticton today! Contact Jared Gibbons, an experienced real estate agent, for more details about this property and how it can contribute to your financial success.
