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Avison Young

Avison Young

Avison Young

Avison Young - Vancouver
Property Details
- Property Type Other
- Property Size 21,344 SF
- Date Updated Apr 2, 2025
The Avison Young Multi-Family Team is pleased to present an opportunity to acquire Parkside Manor, located at 132 Power Street in Penticton, BC. The property is a 4-storey, 28-unit rental apartment building with a highly desirable suite mix and spacious units. Parkside Manor has had numerous capital upgrades completed over the years and is positioned on a prime 21,334 sf lot, steps from Okanagan Lake. This offering represents a significant value-add opportunity to increase revenue in one of British Columbia’s most desirable communities.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Prime half acre lot steps from Okanagan Lake and Lakeshore Drive
- Exceptional suite mix with 16 two-bedroom units averaging 980 sf
- Extensive capital upgrades including roof, windows, patio doors, boiler and more
- Significant rental upside (average rent $1.28 psf)
- Future development potential (up to 6 storeys)
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Penticton, BC
- Postal Code V2A 5W9
Points of Interest
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Prairie Valley Station
8.36 miles
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Husky
0.25 miles
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Chevron
0.42 miles
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Chevron - On the Go Fast Charger
0.43 miles
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Petro-Canada
0.45 miles
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Tesla Supercharger
0.48 miles
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FLO - Canadian Tire
0.57 miles
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FLO - Downtown Penticton Association
0.59 miles
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Shell
1.39 miles
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Super Save
1.43 miles
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Mobil
1.47 miles
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Penticton Lakeside Resort Parkade
0.57 miles
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City Centre Parking
0.58 miles
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Penticton Art Gallery Parking
0.70 miles
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Pen-Hi Parking
0.92 miles
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Penticton Library Parking
0.94 miles
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Uplands Elementary School Parking
1.42 miles
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Hospital parking
1.73 miles
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Upper Parking
5.07 miles
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Lower Parking
5.11 miles
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Giant’s Head Mountain Park Parking Lot
7.49 miles
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The Spanish Villa Motel
0.16 miles
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Sandman Hotel
0.17 miles
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Tiki Shores Motel
0.17 miles
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Shoreline Resort
0.18 miles
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Crown Resort Motel
0.20 miles
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Okanagan Lakefront Resort
0.21 miles
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Black Sea Motel
0.22 miles
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Bowmont Motel
0.26 miles
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Hotel Penticton, Ascend Hotel Collection
0.26 miles
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Riverside Motel
0.29 miles
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Quality Greens
0.44 miles
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Canadian Tire
0.62 miles
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Safeway
1.27 miles
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Penticton IGA
1.40 miles
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Canadian Wholesale Club
1.55 miles
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Whole Foods Market
1.71 miles
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Save-On-Foods
1.94 miles
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Winners
1.98 miles
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Hudson's Bay
2.00 miles
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Cherry Lane Shopping Centre
2.01 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.