We just finished uploading this Apartment building for sale, 156 Nanaimo Ave E., Penticton, BC
Removing a bridge can be a real game changer! That's the case with this parcel of 3 lots zoned C5 in downtown Penticton. With the removal next year of the vehicular bridge over Penticton Creek, to be replaced with a pedestrian bridge, this property will be on a no-thru street in the heart of the downtown, across from the walkway along the creek to the lake. Offered for development, this package is 11892 sq. ft. of land accessible on 3 sides. C5 zoning offers many higher-density options. A 7-unit updated apartment building built in 1940 straddles 2 lots, with a vacant 3rd lot behind. Fully rented, 2020 gross income was $69,588 (only heat included in rent). Building showings once an offer is accepted.
