$1,295,000
 $6,952 est/mo Sourced by Back At You

156 Nanaimo Avenue E,Penticton, BC V2A1M4

Penticton, BC V2A1M4

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Description

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:13843)

Details

MLS #10402298
Listing TypeFor Sale
StatusActive
Year1940
Days On Site27
Listing Provided ByeXp Realty | Chris Marte

Features

SQ Feet5,196
Story(s)3
Acreage0.18

Interior

HeatingRadiant heat, See remarks
Fireplace Yes / NoNo

Exterior

Lot FeaturesLevel lot, Corner Site

Parking

Parking FeaturesStreet

Utilities

SewerMunicipal sewage system
Water SourceMunicipal water

Taxes

Tax Annual Amount7429.02

Area Information

ProvinceBC
CityPenticton
Postal CodeV2A1M4
Listing VS Median (in V2A1M4)
Price:
$1,295,000
low | high
Med:
$1,295,000
50% of Average
sqft:
5,196
low | high
Med:
5,196
50% of Average
$ / sqft:
$249
low | high
Med:
$249
50% of Average
On site:
27
low | high
Med:
27
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Natasha Chang

Natasha Chang

Sutton Group - Seafair Realty

Sales Representative, (604) 808-2142natashachang@sutton.com
ProvinceBC
CityPenticton
Postal CodeV2A1M4
Listing VS Median (in V2A1M4)
Price:
$1,295,000
low | high
Med:
$1,295,000
50% of Average
sqft:
5,196
low | high
Med:
5,196
50% of Average
$ / sqft:
$249
low | high
Med:
$249
50% of Average
On site:
27
low | high
Med:
27
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $971K - $1.618M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
307 Norton Street Property Photo 1
$1,450,000
307 Norton Street
Penticton, BC V2A4H9
355 & 357 Gwyer Street Property Photo 1
$1,120,000
355 & 357 Gwyer Street
Penticton, BC V2A1R2
Listing Updated: October 2, 2026 at 3:51:06 PM PDT
The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 CREA. All Rights Reserved.
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