$1,299,900

355 & 357 Gwyer Street, Penticton

Uplands/Redlands, Penticton, BC V2A1R2

6 bd · 4 ba · 3,978 sq ft · Townhome / duplex

Listed by Chamberlain Property Group

About this property

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:67417)

Property details

Price

$1,299,900

MLS® number

10399671

Property type

Townhome / duplex · Duplex · Single Family

Ownership

Freehold

Bedrooms

6

Bathrooms

4

Living area

3,978 sq ft

Lot size

0.26 acres · 0.26

Year built

1969

Storeys

2

Parking spaces

4

Annual taxes

$5,771

Community

Uplands/Redlands, Penticton

Features

Basement

Full

Heating

Heat Pump

Cooling

Heat Pump

Roof

Asphalt shingle, Unknown

Exterior

Stucco

Lot

Two Balconies

Water

Municipal water

Sewer

Municipal sewage system

Rooms

Level	Room	Size
Basement	Primary Bedroom	16'6'' x 10'9''
Basement	Laundry room	13'0'' x 10'3''
Basement	Kitchen	13'11'' x 17'4''
Basement	Family room	13'0'' x 15'0''
Basement	4pc Bathroom	5'0'' x 10'2''
Main level	Living room	13'11'' x 17'4''
Main level	Kitchen	10'0'' x 11'9''
Main level	Dining room	9'2'' x 11'9''
Main level	Bedroom	13'9'' x 10'5''
Main level	Bedroom	13'10'' x 11'9''
Main level	4pc Bathroom	5'0'' x 8'1''
Basement	Recreation room	13'0'' x 12'0''
Basement	Primary Bedroom	18'7'' x 10'11''
Basement	Laundry room	13'0'' x 10'2''
Basement	Kitchen	13'0'' x 16'9''
Basement	3pc Bathroom	5'2'' x 10'3''
Main level	Living room	14'1'' x 17'5''
Main level	Kitchen	10'1'' x 11'9''
Main level	Dining room	9'2'' x 11'10''
Main level	Bedroom	13'10'' x 10'4''
Main level	Bedroom	13'11'' x 11'10''
Main level	4pc Bathroom	5'0'' x 8'1''

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