




Penticton, British Columbia, V2A1N8
This 5-bedroom, 3-bathroom single family in Penticton offers 1,875 sqft of living area on a 0.11 ac lot. Built in 1930, 1 storey. The property has lot dimensions of 0.11. The home features baseboard heaters, electric, see remarks heating.
Prime investment and future development opportunity in the heart of Penticton - just steps to shopping, parks, and Okanagan Beach. This Triplex sits on a flat 0.11-acre (126 x 38 ft) lot and generates a strong rental income, making it an ideal holding property with immediate income and long-term upside. The property features three units: two 2 bed / 1 bath suites (approx. 675 sqft and 650 sqft) with shared laundry, and one 1 bed / 1 bath suite (approx. 550 sqft) with in-unit laundry. Each unit includes its own outdoor space for patio use or gardening, and all are separately metered for gas and electrical. Zoned RM3, this property offers exceptional redevelopment potential with allowances for apartments, townhomes, congregate housing, daycare facilities, and more. Zoning permits up to 24m in height (approx. 6–8 storeys) making this a prime high-density site in a rapidly growing area. A rare opportunity to secure cash flow today while positioning for significant future redevelopment value. (id:60351)
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Listed by Josh Janz, RE/MAX Penticton Realty
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Listing represented by Josh Janz, RE/MAX Penticton Realty · MLS# 10385979
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.