156 Nanaimo Avenue E

Price$ 1,295,000 | | CityPenticton

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:64460)

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Property Specifications
Full Address:
156 Nanaimo Avenue E, Penticton, British Columbia
Price:
$ 1,295,000
MLS Number:
10402298
List Date:
October 1st, 2026
Neighbourhood:
Main North
Square Footage:
5196 sq.ft.
Lot Size:
0.18 ac
Year Built:
1940
Taxes:
$ 7,429
Interior Features
Heating:
Radiant heat, See remarks
Building Features
Storeys:
3
Sewer:
Municipal sewage system
Water:
Municipal water
Garage:
Street
Ownership Type:
Freehold
Taxes:
$ 7,429
Floors
Finished Area:
5196 sq.ft.
Land
Lot Size:
0.18 ac
Neighbourhood Features
Ratings
Location
Neighbourhood Details
REALTOR® Details
Agent: Chris Marte Office: eXp Realty Data provided by: Association of Interior REALTORS®

About the Area

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