For Sale: 156 E Nanaimo Avenue, Penticton, BC - REW
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$1,295,000
0 bd • 0 ba • 5196 sf • Multifamily
156 E Nanaimo Avenue
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$1,295,000
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156 Nanaimo Avenue EPenticton, BC, V2A 1M4

  • 0 Bed
  • 0 Bath
  • 5196 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Chris Marte PREC*, Personal Real Estate Corporation, eXp Realty

Home facts and features

Price details
List Price
$1,295,000
Get Pre-Approved
Gross Taxes for 2026
$7,429
Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Street
Property Type
Multifamily
Lot Size
7840 ft²
Depth
Year Built
Built in 1940 (86 yrs old)
Title
Freehold
Heating Type
Radiant heat, See remarks
Features
Corner Site, Level lot
Agent details
Primary Agent
Chris Marte PREC*
Primary Broker
eXp Realty
Secondary Agent
Blake Apolzer
Secondary Broker
eXp Realty
Tertiary Agent
Tertiary Broker
eXp Realty
Listing details
Days on REW
6 Days
Property Views
15
MLS® Number
10402298
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Penticton Secondary School
  • Public
  • 9 - 12
KVR Middle School
  • Public
  • 6 - 8
Queens Park School
  • Public
  • Pre-K - 5
Penticton Christian School
  • Independent
  • K - 12
Uplands Elementary School
  • Public
  • K - 5
L’école Entre-lacs
  • Public
  • K - 8
Ecole Entre Lacs
  • Public
  • K - 8
Holy Cross School
  • Independent
  • K - 8
Carmi School
  • Public
  • Pre-K - 5
Columbia School
  • Public
  • Pre-K - 5
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Chris Marte PREC*
Phone:
(250) 809-4614
Cell:
250-809-4614
Office:
833-817-6506
Blake Apolzer
Phone:
(250) 809-8037
Cell:
250-809-8037
Office:
833-817-6506
Danny Reigh
Phone:
(250) 328-2441
Cell:
250-328-2441
Office:
833-817-6506
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