723 Government Street
Penticton, British Columbia V2A4T3

$2,195,000

ID# 10307542

Wall unit Baseboard heaters

Exceptional opportunity to invest in a meticulously stratified 8-condo apartment building, constructed in 1996 with separate titles for each unit. Featuring a balanced distribution of four condos on both the upper and ground levels, residents can enjoy the luxury of balconies or patios, depending on their unit. Ample parking is provided with one open space allotted per unit. Each condo boasts approximately 506 square feet of space, comprising a bedroom, living room with gas fireplace and hardwood floors, storage units, an open kitchen-living area layout, a four-piece bath, and in-suite laundry facilities. Four of the units have undergone extensive renovations, enhancing their appeal and value. With a potential rental income of $1400 per month per unit, this easily manageable property with low expenses represents a lucrative investment. Ideally located within walking distance of downtown amenities, beaches, and the hospital, this building already houses long-term tenants, offering a secure and promising investment opportunity. The entire building is available for sale, presenting an attractive prospect for discerning investors. (id:43256)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of RE/MAX Penticton Realty
Listed on: March 20, 2024

On market: 39 days

Half Bathrooms Total	0
Year Built	1996
Cooling Type	Wall unit
Heating Type	Baseboard heaters
Stories Total	2

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Amy Blake

REALTOR®

amy@homesbyamy.ca

#1 - 1890 Cooper Rd Kelowna, BC V1Y 8B7

250.878.5590

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723 Government Street Penticton, British Columbia V2A4T3

Wall unit Baseboard heaters

YOU MIGHT ALSO LIKE THESE LISTINGS

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6350 Squilax-Anglemont Road Magna Bay $1,395,000 Beds: 3 Baths:2 Sq Ft:1896 sqftAL RILEY

1007 Aurora Heights West Kelowna $1,259,000 Beds: 6 Baths:4 Sq Ft:3797 sqftCharlene Volk

14420 Oyama Road Lake Country $2,450,000 Beds: 6 Baths:4 Sq Ft:4234 sqftSarah Kennedy

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8265 China Valley Road Falkland $699,900 Beds: 2 Baths:1 Sq Ft:1258 sqftTammy Wolzen

5698 RABBIT BRUSH Street Oliver $2,490,000 Beds: 5 Baths:3 Sq Ft:2246 sqftNicholas T. Parker | Personal Real Estate Corporation

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6819 Madrid Way Unit 355 Kelowna $610,000 Beds: 3 Baths:2 Sq Ft:1076 sqftMark Lockwood | Sales Representative

170 Ash Place Penticton $899,900 Beds: 5 Baths:3 Sq Ft:2409 sqftLink Snider | Personal Real Estate Corporation

511 2nd Avenue Keremeos $699,000 Beds: 4 Baths:3 Sq Ft:3066 sqftTuesday McDonald | Real Estate Professional

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