1348 Government Street, Penticton
Residential, commercial and investment opportunity all in one spot. Prime C1-zoned property in central Penticton offering live/work flexibility, holding income, and development potential. Located within an area identified in the Official Community Plan for higher-density residential, this property also presents a strong future redevelopment opportunity for multi-unit housing (buyer to verify). Situated on a 0.142-acre lot, this well-located property is walking distance to McLaren Arena, Schools, Penticton Regional Hospital, shopping, and the KVR trail, with public transit right at the doorstep. Options could see this configured as a professional office (it was formerly a chiropractic clinic), as the main level features 3 large offices, reception area, 4-pc bath, and a welcoming waiting room with fireplace and hardwood floors. The lower level provides ample storage, or the layout can be converted into a 3 bedroom, 2 bathroom, ~2,000 sq ft single-family home. Wheelchair accessible for added versatility. C1 zoning supports a wide range of uses including daycare, medical, professional, retail, and service-based businesses, making it ideal for an owner-operator or investor. 5 on-site parking stalls (including 1 covered) with rear lane access add convenience for staff and clients. Contingent. Quick possession available. Duplicate commercial listing. Some photos have been virtually staged. (id:1945)
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Property details for 1348 Government Street, Penticton
- Type
- Residential
- Style
- Bungalow
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 2,082 square feet
- Lot Size
- 0.14
- Stories
- 1
- Basement
- Full
- Parking
- Other, Additional Parking
- Heating
- Forced air, See remarks
- Cooling
- Central air conditioning
- Exterior
- Stucco
- Ownership
- Freehold
- Annual Taxes
- $6,744
Nearby Listings Stat
Estimated price and comparable properties near 1348 Government Street
Active Listings
21
Min Price
$280,000
Max Price
$1,590,000
Avg Price
$797,267
Days on Market
96
days
Sold Listings
10
Min Sold Price
$425,000
Max Sold Price
$875,000
Avg Sold Price
$676,380
Days until Sold
128
days
Price History
Listed
April 10, 2026
by Engel & Volkers South Okanagan
Current Price
$424,900
-5.6% from last change
Type
Residential
For Sale
Price Changes
5
| Date | Price | Change |
|---|---|---|
| Current | $424,900 | $25,000 (-5.6%) |
| Sep 10, 2026 | $449,900 | $50,000 (-10%) |
| Aug 6, 2026 | $499,900 | $25,000 (-4.8%) |
| Jun 10, 2026 | $524,900 | $50,000 (-8.7%) |
| May 4, 2026 | $574,900 | $50,100 (-8%) |
| Apr 10, 2026 | $625,000 | Listed |
