156 Nanaimo Avenue E

5,196 sqft

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:67517)

• Property Details

  MLS® Number	10402298
  Property Type	Multi-family
  Neigbourhood	Main North
  AmenitiesNearBy	Shopping
  Features	Level Lot, Corner Site

• Building

  ConstructedDate	1940
  HeatingType	Radiant Heat, See Remarks
  StoriesTotal	3
  SizeInterior	5,196 Sqft
  Type	Multi-family
  UtilityWater	Municipal Water

  Street

• Land

  Acreage	No
  LandAmenities	Shopping
  LandscapeFeatures	Level
  Sewer	Municipal Sewage System
  SizeIrregular	0.18
  SizeTotal	0.18 Ac|under 1 Acre
  SizeTotalText	0.18 Ac|under 1 Acre

• Rooms
• Utilities