Space
Finished area and layout
- Living Area
- 5,196 sqft
+18 more
5,196 sqft
Living Area
0.18 ac
Lot
1940
Year Built
Property Snapshot
Key details for this listing
MLS #10402298
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Stories
- 3
- Year Built
- 1940
About This Property
This multi-family in Penticton offers 5,196 sqft of living area on a 0.18 ac lot. Built in 1940, 3 storeys. The property has lot dimensions of 0.18. The home features radiant heat, see remarks heating.
MLS Remarks
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:60351)
Full Listing Details
Address156 Nanaimo Avenue E
MLS#10402298
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market25
Common InterestFreehold
Annual Tax$7,429
Parking TypeStreet
Structure TypeMulti-Family
AttachedAttached
StyleMultiplex
Year Built1940
Living Area5,196 sqft
Stories3
CityPenticton
ProvinceBritish Columbia
Postal CodeV2A1M4
Lot Size0.18 ac
Lot Dimensions0.18
Lot FeaturesLevel lot, Corner Site
Parking FeaturesStreet
HeatingRadiant heat, See remarks
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$7,429
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