156 Nanaimo Avenue E
Penticton, British Columbia
MLS® 10402298
$1,295,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 10402298
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1940
Listing 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.
Property summary
- MLS® number
- 10402298
- Property type
- Multi-family
- Building type
- Multi-Family
- Size
- 5,196 sq ft
- Title
- Freehold
- Land size
- 0.18 acres
- Built in
- 1940
- Annual property taxes
- $7,429.02
- Parking
- Street
- Days on market
- 8 days
Features & details
- Heating
- Radiant heat, See remarks
- Lot features
- Level lot, Corner Site
What would this home cost you?
Based on the $1,295,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of eXp Realty, Penticton.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.