723 Government Street, Penticton, British Columbia V2A4T3

Listing courtesy of RE/MAX Penticton Realty.

$2,195,000
List Price
$2,195,000
MLS®
10307542
Status
ACTIVE
Type
Condo
Subtype
Multi-family
Agent Name
Amar Kahlon
Agent Phone
250-809-0968
Lot Size Dimensions
0.22
Lot Size
9,583
Subdivision
Main North

Property Description

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:5764)

Additional Information

Ownership
Condo/Strata
Subdivision
Main North
Zoning
Unknown
Cooling
Wall unit
Country
Canada
Community Features
Pets Allowed
Heating
Baseboard heaters
Stories
2
Lot Size
9,583
Zoning
Unknown

Mortgage Calculator

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Calculator source: Real Geeks