Exceptional investment opportunity in one of Penticton's most convenient locations! Situated on a flat 0.19-acre (approximately 8,200 sq. ft.) lot with valuable lane access, this income-producing property generates approximately $6,000 per month in rental revenue. The property includes a beautifully built 2022 carriage home, protected by its new home warranty, and a well-maintained 3-bedroom, 1-bath Main home with updated vinyl siding, gutters, and a spacious 4-foot crawl space for added storage. Separate electrical and gas meters, a new privacy fence between the homes, and low-maintenance xeriscaping make this an ideal investment. The carriage home also features a ductless heating and cooling system and on-demand hot water. Whether you're looking to expand your investment portfolio, secure a holding property with future development potential, or live in one home while generating rental income from the other, this property offers exceptional flexibility. Just a short walk to downtown Penticton, you'll enjoy easy access to restaurants, breweries, shopping, parks, and the waterfront. Okanagan College and Kings Park are both nearby, making this an attractive option for students, families, and investors alike. A rare opportunity to secure a versatile, income-producing property in a highly desirable location. (id:4069)
Address
1030 TIMMINS Street
List Price
$1,199,900
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
British Columbia
Sub-Area
Penticton
Bedrooms
5
Bathrooms
2
Floor Area
2,212 Sq. Ft.
Lot Size
0.19 Sq. Ft.
Year Built
1955
MLS® Number
10392402
Listing Brokerage
RE/MAX Realty Solutions
Basement Area
Crawl space
Postal Code
V2A5V2
Ownership
Freehold
Parking Places (Total)
6
Site Influences
Park, View
Features
Level lot
Appliances
Range, Refrigerator, Dryer, Washer
Heat Type
Forced air, See remarks
Cooling Features
Central air conditioning, Wall unit
Number Of Floors In Building
1
Water Source
Municipal water
Sewer
Municipal sewage system
