Opportunity is calling, and this one delivers. Centrally located and income-generating from day one, this versatile property is a smart move for investors and homeowners alike, whether you're growing a portfolio or letting a tenant help carry the mortgage. Two fully self-contained living spaces give you real options: the upper residence offers 2 bedrooms and a full bath, a bright living area, functional kitchen, and the everyday convenience of main-floor laundry, while the lower level features a private 530 sq.ft. 1-bed, 1-bath suite with its own laundry and separate backyard access. Both open onto a spacious, fully fenced yard made for summer living. Move in with confidence: a new roof and hot water tank, both completed in 2023, mean the big-ticket items are already handled and in 1995 new electrical, plumbing, windows & insulation were updated. Outside, generous front and rear yards, rear lane access, and ample parking leave plenty of room for multiple vehicles, the RV, and the boat. Minutes from shopping, schools, parks, transit, and everyday amenities, this is that rare blend of location, flexibility, and lasting value. Whether you're expanding your investments or offsetting your mortgage with rental income, opportunities like this don't wait. Come see it before it's gone. Total sq.ft. calculations are based on the exterior dimensions of the building at each floor level & inc. all interior walls & must be verified by the buyer if deemed important. (id:44056)

Property Details

Full Address:
506 NELSON Avenue, Penticton, British Columbia
Price:
$ 615,000
MLS Number:
10392992
List Date:
June 29th, 2026
Lot Size:
0.08 ac
Year Built:
1940
Taxes:
$ 4,234

Interior Features

Bedrooms:
3
Bathrooms:
2
Total Rooms:
Appliances:
Washer, Refrigerator, Oven - Electric, Dryer, Washer/Dryer Stack-Up
Flooring:
Tile, Hardwood, Carpeted, Vinyl
Heating:
Baseboard heaters, Electric

Building Features

Storeys:
3
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Wood siding, Cedar Siding
Garage:
Other, Rear, RV, Street, Additional Parking
Garage Spaces:
3
Ownership Type:
Freehold
Taxes:
$ 4,234

Floors

Finished Area:
1586 sq.ft.

Land

View:
Mountain view, View (panoramic)
Lot Size:
0.08 ac
Lot Features:
Level lot

Neighbourhood Features

Amenities Nearby:
Family Oriented

Ratings

Commercial Info

Neighbourhood Details

Location

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Listing Agent(s)

Lead Agent: Shannon Simpson
Office: Chamberlain Property Group Inc.
Originating Board: Association of Interior REALTORS®

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