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$ 1,295,000
Est. payment /mo
New
156 Nanaimo Avenue E Penticton, BC V2A1M4
5,196 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5196
Square Footage 5,196 sqft
Price per Sqft $249
Subdivision Main North
MLS® Listing ID 10402298
Year Built 1940
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Freehold
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:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Radiant heat, See remarks
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Lot Description Level
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/156_nanaimo_ave_e_penticton_bc
Listed by eXp Realty
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