$3,599,000

Investment For Sale In Penticton, British Columbia

$3,599,000

Property Information:

564, 576, 580 Ellis Street – For Sale as a Single Property. Urban, contemporary, and funky! Located just one block off Main Street in downtown, these 12 highly sought-after rental units offer a diverse mix: 3 ground-floor suites with 1 bedroom and 1 bath, 3 ground-floor suites with 2 bedrooms and 1 bath, and 6 two-story upper units with 3 bedrooms and 2 baths each. Each unit features its own private entrance, 6 appliances, stylish window coverings, and trendy interiors. All units come with private laundry facilities, hot water tanks, and balconies (except ground-floor suites). Parking is available via lane access and resident street parking with a permit. The property is professionally managed, well maintained, and benefits from a solid tenant mix with strong potential for growth as units turnover. Additionally, it is currently pet-friendly. With Penticton’s historically low vacancy rate of around 1%, this property represents a lucrative investment opportunity. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Easy access
  • Amenities Nearby: Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski area
  • Built in: 2015
  • Community Features: Family Oriented
  • Features: Level lot
  • Landscape Features: Landscaped
  • Zoning Type: Residential
  • Sewer: Municipal sewage system
  • Parking Type: Other
  • No. of Parking Spaces: 9

Courtesy of: Chamberlain Property Group

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.