Welcome to this stunning half duplex in the heart of Penticton, where modern living meets exceptional investment potential. Built in 2015, this well-maintained property features 3 bedrooms and 2.5 bathrooms in the main residence, plus a legal 1-bedroom suite offering flexibility as a mortgage helper, rental income source, or space for extended family. With a projected cap rate nearing 7%, low operating costs, and efficient design, this property presents a compelling opportunity for investors seeking strong cash flow and long-term growth. The legal suite adds valuable income potential while enhancing overall versatility. Located in one of Penticton’s most desirable central neighborhoods, you'll enjoy easy access to downtown, shopping, schools, beaches, the bike path, restaurants, and the South Okanagan Events Centre. This prime location continues to attract quality tenants and supports long-term value appreciation. Whether you're an investor looking for immediate income, a young family seeking flexibility and convenience, or someone downsizing without sacrificing lifestyle, this property checks all the boxes. Modern finishes, a functional layout, excellent revenue potential, and an unbeatable location combine to create an outstanding opportunity. Currently tenanted. (id:4069)
Address
601 Ellis Street Unit# 101
List Price
$699,900
Property Type
Single Family
Type of Dwelling
Duplex
Style of Home
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Penticton
Bedrooms
4
Bathrooms
4
Half Bathrooms
1
Floor Area
1,704 Sq. Ft.
Lot Size
0.02 Sq. Ft.
Year Built
2015
MLS® Number
10391522
Listing Brokerage
Real Broker B.C. Ltd
Postal Code
V2A4M5
Ownership
Strata
Parking Places (Total)
1
Community Features
Pets Allowed
Appliances
Refrigerator, Dishwasher, Range - Electric, Washer & Dryer
Heat Source
Electric
Heat Type
Baseboard heaters
Number Of Floors In Building
3
Water Source
Municipal water
Sewer
Municipal sewage system
