Argyle Apartments

Overview

Argyle Apartments is a well-maintained 20-suite, three-storey concrete walk-up rental building in Penticton. Built in 1964 on a large 31,450 sq. ft. RM3-zoned lot, it offers a balanced mix of ten one-bedroom and ten two-bedroom suites.

The property includes 20 dedicated storage lockers, 22 surface parking stalls (four covered), private patios and balconies, and shared laundry facilities with two washers and two dryers (leased). The windows were replaced approximately three years ago, and the boiler approximately six years ago.

Eleven of the 20 suites have been renovated on turnover over the past six years. The owner’s suite (Unit 12) received an extensive renovation in 2025 and now includes a dishwasher, in-suite washer and dryer, HVAC, and additional modern upgrades.

The site is designated High Density Residential, allowing redevelopment of up to six storeys.

Location

Argyle Apartments is centrally located in an established residential neighbourhood in Penticton, close to the city’s downtown core.

The property offers convenient access to major commercial areas, shopping, restaurants, and services, as well as Okanagan Lake and the waterfront. Main transportation routes are nearby, providing easy connectivity throughout the city and the South Okanagan.

Penticton is an established rental market with limited multifamily supply, supporting continued demand for well-located apartment buildings. The property’s central location and proximity to key amenities position it as a strong multifamily investment.