About this home
Prime commercial property in an excellent location in one of Penticton's most desirable urban areas. 24-74 Front Street along with 85 Backstreet is situated on approximately .60 acres. The property is fully leased with 7 tenants but also has prime development potential. C5 zoning supports a mix of commercial and residential uses. The main building features approximately 4,400+ sq ft of unleased & unfinished of second & third floor area that could be finished into leasable space. Lots of upside here! 34 parking spaces. This area is currently transitioning with new commercial and residential building. This is an excellent passive income earning property with incredible future development potential. Call for more information.
Highlights & things to check
Highlights
- Fully leased to 7 tenants, per the listing.
- Approximately 4,400+ sq ft of unleased, unfinished second and third floor area, per the listing.
- 34 parking spaces, per the listing.
- C5 zoning supports a mix of commercial and residential uses, per the listing.
- Lake Okanagan is 410 m away, the Town centre 1.1 km and Penticton Regional Hospital 2.3 km.
Things to check
- Confirm which civic addresses are included, as the description mentions 24-74 Front Street and 85 Backstreet, not 52 Front Street.
- Ask the City of Penticton which uses and finishing work are permitted for the unfinished upper floors under C5 zoning.
- Ask for the current leases and rent roll for all 7 tenants.
- Ask for the ages of the roof, furnace and electrical systems, as the building dates from 1950.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 52 Front Street
Neighbourhood scores
8.9 / 10Walk & bike score: 7.1 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
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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
- $2,895,000
- MLS® number
- 10402360
- Property type
- Single-family home · Residential Commercial Mix · Other
- Living area
- 4,400 sq ft
- Lot size
- 0.6 acres · 0.6
- Year built
- 1950
- Community
- Main North, Penticton
Features
- Heating
- Forced air, See remarks
- Cooling
- Heat Pump
- Parking
- Breezeway, Additional Parking
- Roof
- Unknown, Unknown
- Exterior
- Stucco
- Lot
- Level lot, Corner Site
- Water
- Municipal water
- Sewer
- Municipal sewage system
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Chamberlain Property Group
Listing information is provided by Chamberlain Property Group through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.