156 Nanaimo Avenue E, Penticton, British Columbia

About 156 Nanaimo Avenue E

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:6289)

More Info on this Main North Multi-Family MLS® listing

156 Nanaimo Avenue E is a multi-family listing for sale in Penticton. The MLS® number is 10402298. It was built in 1940 and covers 5,196 square feet. It's currently listed for $1,295,000. For more details on MLS® 10402298, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Main North is available now!

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