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Renanza Realty
For sale

506 NELSON Avenue

Penticton, British Columbia

MLS® 10392992

$629,800

Status
Active
Property type
House
MLS® number
10392992
Bedrooms
3
Bathrooms
2
Year built
1940

Listing description

Opportunity is calling, and this one delivers. Centrally located and income-generating from day one, this versatile property is a smart move for investors and homeowners alike, whether you're growing a portfolio or letting a tenant help carry the mortgage. Two fully self-contained living spaces give you real options: the upper residence offers 2 bedrooms and a full bath, a bright living area, functional kitchen, and the everyday convenience of main-floor laundry, while the lower level features a private 530 sq.

ft. 1-bed, 1-bath suite with its own laundry and separate backyard access. Both open onto a spacious, fully fenced yard made for summer living.

Move in with confidence: a new roof and hot water tank, both completed in 2023, mean the big-ticket items are already handled and in 1995 new electrical, plumbing, windows & insulation were updated. Outside, generous front and rear yards, rear lane access, and ample parking leave plenty of room for multiple vehicles, the RV, and the boat. Minutes from shopping, schools, parks, transit, and everyday amenities, this is that rare blend of location, flexibility, and lasting value.

Whether you're expanding your investments or offsetting your mortgage with rental income, opportunities like this don't wait. Come see it before it's gone. Total sq.

ft. calculations are based on the exterior dimensions of the building at each floor level & inc. all interior walls & must be verified by the buyer if deemed important.

Property summary

MLS® number
10392992
Property type
Single Family
Building type
House
Square footage
1,586 sq ft
Title
Freehold
Land size
0.08 acres
Built in
1940
Annual property taxes
$4,234.40
Parking
3 spaces · Other, Rear, RV, Street, Additional Parking
Days on market
60 days

Features & details

Heating
Baseboard heaters, Electric
Flooring
Tile, Hardwood, Carpeted, Vinyl
Appliances
Washer, Refrigerator, Oven - Electric, Dryer, Washer/Dryer Stack-Up
Exterior features
Wood siding, Cedar Siding
Lot features
Level lot
Community features
Family Oriented
View
Mountain view, View (panoramic)

What would this home cost you?

Based on the $629,800 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,930 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Chamberlain Property Group Inc., 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.