156 Nanaimo Avenue E, Penticton
Excellent investment opportunity in a central Penticton location. This 7-unit multifamily property offers established rental income with future upside. Five units are currently tenanted, while two vacant units provide a new owner the opportunity to select tenants and establish current market rents. The property consists of two separate titles and is zoned C5 (Urban Centre Commercial), providing additional long-term flexibility. Lane access and frontage along Nanaimo Avenue and Van Horne Street further enhance the property. For buyers looking to expand their investment, the C5-zoned vacant lot at 313 Van Horne Street, directly adjoining the property, is also available separately. An excellent opportunity to acquire an income-producing property with additional future potential in the heart of Penticton. Buyers to verify development possibilities with the City. (id:1945)
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Property details for 156 Nanaimo Avenue E, Penticton
- Type
- Multi-family
- Living Area
- 5,196 square feet
- Lot Size
- 0.18
- Stories
- 3
- Parking
- Street
- Heating
- Radiant heat, See remarks
- Ownership
- Freehold
- Annual Taxes
- $7,429
Nearby Listings Stat
Estimated price and comparable properties near 156 Nanaimo Avenue E
Active Listings
217
Min Price
$250
Max Price
$9,290,000
Avg Price
$856,999
Days on Market
109
days
Sold Listings
40
Min Sold Price
$192,500
Max Sold Price
$2,550,000
Avg Sold Price
$791,858
Days until Sold
135
days
Neighbourhood Census Data
Penticton, British Columbia / Colombie-Britannique
Population
763
Median Age
51.4
Median Income
$33,984
Dwelling Value
$375,756
Housing Tenure
Owners 48%
Renters 51%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.7
Pop. Density: 2,157.8/km²
Avg Shelter Cost: $1,162/mo
Owners with Mortgage: 63.4%
Owners Spending 30%+: 14.6%
Tenants Spending 30%+: 40%
English only: 91.4%
French only: 0.7%
English and French: 7.9%
Median Household Income: $54,400
Median Employment Income: $26,688
Price History
Listed
October 1, 2026
by eXp Realty
Current Price
$1,295,000
Type
Multi-family
For Sale
