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eXp Realty
156 Nanaimo Avenue East, Penticton, British Columbia V2A1M4
Listing courtesy of eXp Realty.
- $1,295,000
- 5,196
- SqFt
- List Price
- $1,295,000
- MLS®
- 10402298
- Days on Market
- 2
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Living Area
- 5,196
- Lot Size Dimensions
- 0.18
- Lot Size
- 7,840
- Subdivision
- Main North
Property Description
Excellent investment opportunity in a central Penticton location. This 7-unit multifamily property offers established rental income with significant long-term upside. The suite mix includes one 2-bedroom, five 1-bedroom units and one studio. Five units are currently tenanted with two vacant, providing a purchaser the opportunity to establish new tenancies and rents. Tenants pay their own electricity, while heat is supplied by a central boiler system and included in rent. Additional features include 400-amp electrical service and coin laundry. The property is C5 zoned and consists of two separate titles with lane access. The C5-zoned vacant lot directly behind the building at 313 Van Horne Street is also available separately, creating an interesting opportunity for investors considering the longer-term potential of the site. Buyers to verify development possibilities with the City of Penticton. (id:5764)
Additional Information
- Ownership
- Freehold
- Subdivision
- Main North
- Country
- Canada
- Sewer
- Municipal sewage system
- Heating
- Radiant heat, See remarks
- Lot Features
- Level lot, Corner Site
- Stories
- 3
- Lot Size
- 7,840
