329 Nanaimo Avenue W

Price$ 499,900 | | CityPenticton

Prime investment and future development opportunity in the heart of Penticton – just steps to shopping, parks, and Okanagan Beach. This Triplex sits on a flat 0.11-acre (126 x 38 ft) lot and generates a strong rental income, making it an ideal holding property with immediate income and long-term upside. The property features three units: two 2 bed / 1 bath suites (approx. 675 sqft and 650 sqft) with shared laundry, and one 1 bed / 1 bath suite (approx. 550 sqft) with in-unit laundry. Each unit includes its own outdoor space for patio use or gardening, and all are separately metered for gas and electrical. Zoned RM3, this property offers exceptional redevelopment potential with allowances for apartments, townhomes, congregate housing, daycare facilities, and more. Zoning permits up to 24m in height (approx. 6–8 storeys) making this a prime high-density site in a rapidly growing area. A rare opportunity to secure cash flow today while positioning for significant future redevelopment value. (id:64460)

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Property Specifications
Full Address:
329 Nanaimo Avenue W, Penticton, British Columbia
Price:
$ 499,900
MLS Number:
10385979
List Date:
May 4th, 2026
Neighbourhood:
Main North
Square Footage:
1875 sq.ft.
Lot Size:
0.11 ac
Year Built:
1930
Taxes:
$ 3,000
Interior Features
Bedrooms:
5
Bathrooms:
3
Heating:
Baseboard heaters, Electric, See remarks
Building Features
Storeys:
1
Sewer:
Municipal sewage system
Water:
Municipal water
Ownership Type:
Freehold
Taxes:
$ 3,000
Floors
Finished Area:
1875 sq.ft.
Land
Lot Size:
0.11 ac
Neighbourhood Features
Ratings
Location
Neighbourhood Details
REALTOR® Details
Agent: Josh Janz Office: RE/MAX Penticton Realty Data provided by: Association of Interior REALTORS®

About the Area

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