For Sale: 355-357 Gwyer Street, Penticton, BC - REW
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$1,375,000
5 bd • 4 ba • 3978 sf • Duplex
355-357 Gwyer Street
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$1,375,000
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355 & 357 Gwyer StreetPenticton, BC, V2A 1R2

  • 5 Bed
  • 4 Bath
  • 3978 Sqft
  • Duplex

About this home

A unique opportunity in a sought-after Penticton location, this full duplex offers rental income, flexible living arrangements and future potential. Perched above the neighbourhood, the property enjoys city views with peekaboo lake views and an elevated setting that could offer even greater views with future redevelopment. One side is owner-occupied with living space upstairs and down, plus an in-law-style basement suite offering rental potential. The other side features separate upper and lower tenant accommodations, creating multiple income streams and flexibility for an investor or owner-occupier. R4-L zoning allows for small-scale multi-unit residential development, including up to four dwelling units and buildings up to three storeys above approved grade. The elevated position could provide an opportunity to maximize city and lake views with a thoughtfully designed future project. Existing rents are below market, offering potential for future upside. Major components have been updated, including the roof and heat pumps. Mature landscaping provides established character, with room to garden, entertain and make the grounds your own. Close to downtown Penticton, amenities, shopping, restaurants and the lake, this property offers plenty of options for investors, owner-occupiers or those looking toward future development. Zoning, suite status, development potential, measurements, setbacks, servicing and other development considerations should be verified by the buyer. (id:63626)
Listed by: Kari Pennington, Salesperson, Chamberlain Property Group

Home facts and features

Price details
List Price
$1,375,000
Get Pre-Approved
Gross Taxes for 2026
$5,771
Home facts
Bedrooms
5
Full Bathrooms
4
Parking Spaces
4
Property Type
Duplex
Lot Size
11325 ft²
Depth
Year Built
Built in 1969 (57 yrs old)
Title
Freehold
Exterior Finish
Stucco
Heating Type
Heat Pump
Cooling
Heat Pump
Basement Details
Full
Features
Two Balconies
Agent details
Primary Agent
Kari Pennington
Primary Broker
Chamberlain Property Group
Secondary Agent
Secondary Broker
Chamberlain Property Group
Listing details
Days on REW
1 Day
MLS® Number
10399671
Source
Canadian Real Estate Association
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Purchase Price
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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
Uplands Elementary School
  • Public
  • K - 5
Penticton Christian School
  • Independent
  • K - 12
L’école Entre-lacs
  • Public
  • K - 8
Ecole Entre Lacs
  • Public
  • K - 8
Queens Park School
  • Public
  • Pre-K - 5
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
Kari Pennington
Phone:
(250) 462-7555
Cell:
250-462-7555
Office:
778-476-7778
Brandi Little
Phone:
(250) 490-8591
Cell:
250-490-8591
Office:
778-476-7778
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