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.
Living at 156 Nanaimo Avenue E
Neighbourhood scores
8.8 / 10Walk & bike score: 7.2 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
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Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.
Distances from the front door
Straight-line distances. Driving distances are longer.
Property details
- Price
- $1,295,000
- MLS® number
- 10402298
- Property type
- Commercial · Multi-Family · Multi-family
- Ownership
- Freehold
- Living area
- 5,196 sq ft
- Lot size
- 0.18 acres · 0.18
- Year built
- 1940
- Storeys
- 3
- Annual taxes
- $7,429
- Community
- Main North, Penticton
Features
- Heating
- Radiant heat, See remarks
- Parking
- Street
- Lot
- Level lot, Corner Site
- Water
- Municipal water
- Sewer
- Municipal sewage system
Similar homes nearby
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Listing information is provided by eXp Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.