Office for Sale — Main North, Penticton, BC
$2,500,000
498 ELLIS Street, Penticton, BC V2A4M2
Property details
Structured details
- Annual property tax
- $23,230
- Lot dimensions
- 0.17
- Structure type
- Offices
- Parcel ID (PID)
- 012-770-698
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Heating
- Forced air, Electric, See remarks
- Cooling
- See Remarks
- Exterior
- Brick
- Security
- Security system
- Lot features
- Level lot, Corner Site
- Community features
- High Traffic Area
Listing Information
- MLS®
- 10383272
- Listed
- April 14, 2026
- Time on market
- 153 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
An exceptional opportunity to own a prime commercial office building in downtown Penticton! This well maintained building boasts a total of 15,254 square feet of leasable space, situated on a generous 0.172 acre lot. Featuring a diverse mix of individual work areas and communal spaces this property offers a versatile layout suitable for various business endeavors such as a law office or accounting firm. The main floor encompasses 5,897 square feet of leasable space, while an additional 5,881 square feet are available on the upper level plus 3,476 in the basement. This property has undergone recent upgrades including improvements to the HVAC, boiler system pumps, new hot water tank, new sump pump, and upgraded furnace. Strategically positioned on a corner lot and zoned C5 in the heart of the downtown core, this property offers excellent visibility and accessibility. Measurements taken from i-Guide. Contact the listing agent for a viewing. (id:63159)
Financing calculator
Estimate your monthly payment on the $2,500,000 asking price.
Financing details
- Monthly debt service
- $24,266
- Cash required at close
- $525,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Penticton)
- Population
- 36,885(+9.3% since 2016)
- Population density
- 857.2/km²
- Median household income
- $68,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 17.6%
- Postsecondary below bachelor's
- 33.7%
- High school diploma
- 33.4%
- No certificate/diploma
- 15.3%
Population aged 15 and over.
Commute
- Car, truck or van
- 80.5%
- Public transit
- 1.9%
- Walked
- 12.1%
- Bicycle
- 2.1%
- Other
- 3.4%
Commute duration
- Under 15 min
- 64.3%
- 15–29 min
- 21.2%
- 30–44 min
- 7.3%
- 45–59 min
- 3.4%
- 60+ min
- 3.9%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Lachi76m
- Gratify Foods · 544 Main Street118m
- Sushi Heaven · 564 Main Street124m
- Twisted Chopsticks133m
- The Cellar143m
Cafes (5+)
- Angry Vegan · 536 Main Street106m
- Caffè d'Italia132m
- Blenz Coffee386m
- Bellevue Cafe460m
- Balance Vegetarian Shop and Tea Room674m
Parks (5+)
- Unnamed492m
- Unnamed503m
- Unnamed513m
- Unnamed569m
- Unnamed667m
Pharmacies (3)
- Remedy'sRx234m
- Knights Pharmacy286m
- Sunrise Pharmacy · 749 Main Street415m
Banks & ATMs (5+)
- Prospera Credit Union156m
- Scotiabank186m
- TD191m
- RBC355m
- CIBC404m
Healthcare (2)
- Foundry Pentiction · 501 Main Street118m
- Penticton Pediatric Therapy126m
Nearby places data: © OpenStreetMap contributors.
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All in Penticton →Frequently asked questions
What is the asking price for this business?
The asking price is $2,500,000.
Where is this business located?
This listing is located in Penticton, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.