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:44056)

Property Details

Full Address:
156 Nanaimo Avenue E, Penticton, British Columbia
Price:
$ 1,295,000
MLS Number:
10402298
List Date:
October 1st, 2026
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
Lot Features:
Level lot, Corner Site

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

Mortgage Calculator

powered by Ratehub.ca
Chris Marte Personal Real Estate Corporation eXp Realty
250-809-4614
Request Listing Info

Is this your listing?Advertise With Us!

Listing Agent(s)

Lead Agent: Chris Marte
Office: eXp Realty
Originating Board: Association of Interior REALTORS®
Co-Listing: Blake Apolzer
eXp Realty

Similar Listings

No similar listings found.
More Main North Listings

ATTENTION REALTORS®

Claim your
Realtor® Profile

Join thousands of homebuyers using RealEstateGuide.com every month. Showcase your listings, contact details, website, and social media with a professional REALTOR® profile. Claim yours today!

Get started in less than 2 minutes.

  • Featured on RealEstateGuide.com
  • Reach buyers and sellers across BC
  • Professional REALTOR® profile
  • Upgrade anytime with print & digital advertising
CHOOSE YOUR PROFILE PACKAGE
Copyright © Real Estate Guide 2026 | Legal | Sitemap
Area Modal Trigger
X