Pamela Hanson PREC* | 250-486-1119 (cell) | pamhanson@remax.net
Heather Smith Licensed Realtor | 250-486-7126 (cell) | hsmith@remax.net
156 Nanaimo Avenue E Penticton, British Columbia V2A 1M4
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$1,295,000
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:52811)
Property Details
| MLS® Number | 10402298 |
| Property Type | Multi-family |
| Neigbourhood | Main North |
| Amenities Near By | Shopping |
| Features | Level Lot, Corner Site |
Building
| Constructed Date | 1940 |
| Heating Type | Radiant Heat, See Remarks |
| Stories Total | 3 |
| Size Interior | 5196 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Street |
Land
| Acreage | No |
| Land Amenities | Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.18 |
| Size Total | 0.18 Ac|under 1 Acre |
| Size Total Text | 0.18 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/30353778/156-nanaimo-avenue-e-penticton-main-north
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October 02 2026 11:28:17
Okanagan-Mainline Real Estate Board
Exp Realty