506 NELSON Avenue, Penticton
Opportunity is calling, and this one delivers. Centrally located and income-generating from day one, this versatile property is a smart move for investors and homeowners alike, whether you're growing a portfolio or letting a tenant help carry the mortgage. Two fully self-contained living spaces give you real options: the upper residence offers 2 bedrooms and a full bath, a bright living area, functional kitchen, and the everyday convenience of main-floor laundry, while the lower level features a private 530 sq.ft. 1-bed, 1-bath suite with its own laundry and separate backyard access. Both open onto a spacious, fully fenced yard made for summer living. Move in with confidence: a new roof and hot water tank, both completed in 2023, mean the big-ticket items are already handled and in 1995 new electrical, plumbing, windows & insulation were updated. Outside, generous front and rear yards, rear lane access, and ample parking leave plenty of room for multiple vehicles, the RV, and the boat. Minutes from shopping, schools, parks, transit, and everyday amenities, this is that rare blend of location, flexibility, and lasting value. Whether you're expanding your investments or offsetting your mortgage with rental income, opportunities like this don't wait. Come see it before it's gone. Total sq.ft. calculations are based on the exterior dimensions of the building at each floor level & inc. all interior walls & must be verified by the buyer if deemed important. (id:62865)
Status
Active
Year Built
1940
Property Type
House
Ownership
Freehold
Parking Spaces
3
Annual Tax
$4,234
Parcel Number
008-251-215
Data Source
Association of Interior REALTORS®
Bedrooms
3
Bathrooms
2
Living Area
1586 square feet
Flooring
Appliances
Lot Size
0.08 acres
Fencing
Fence
View
Mountain view, View (panoramic)
Lot Features
Exterior Features
Community Features
Roof
Asphalt shingle,Unknown
Heating
Baseboard heaters, Electric
Water Source
Municipal water
Sewer
Municipal sewage system
$629,800
Office
Chamberlain Property Group Inc.
Loan Amount:
$503,840
Estimated Monthly Payment:
$2,455
This is an estimate for informational purposes only. Consult with a financial advisor.
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