601 Ellis Street Unit# 101, Penticton
Welcome to this stunning half duplex in the heart of Penticton, where modern living meets exceptional investment potential. Built in 2015, this well-maintained property features 3 bedrooms and 2.5 bathrooms in the main residence, plus a legal 1-bedroom suite offering flexibility as a mortgage helper, rental income source, or space for extended family. With a projected cap rate nearing 7%, low operating costs, and efficient design, this property presents a compelling opportunity for investors seeking strong cash flow and long-term growth. The legal suite adds valuable income potential while enhancing overall versatility. Located in one of Penticton’s most desirable central neighborhoods, you'll enjoy easy access to downtown, shopping, schools, beaches, the bike path, restaurants, and the South Okanagan Events Centre. This prime location continues to attract quality tenants and supports long-term value appreciation. Whether you're an investor looking for immediate income, a young family seeking flexibility and convenience, or someone downsizing without sacrificing lifestyle, this property checks all the boxes. Modern finishes, a functional layout, excellent revenue potential, and an unbeatable location combine to create an outstanding opportunity. Currently tenanted. (id:62865)
Status
Active
Year Built
2015
Property Type
Duplex
Ownership
Condo/Strata
Parking Spaces
1
Annual Tax
$3,474
Parcel Number
029-746-515
Data Source
Association of Interior REALTORS®
Bedrooms
4
Bathrooms
4
Living Area
1704 square feet
Architectural Style
Other
Flooring
Appliances
Lot Size
0.02 acres
Fencing
Fence
Exterior Features
Community Features
Roof
Asphalt shingle,Unknown
Heating
Baseboard heaters, Electric
Water Source
Municipal water
Sewer
Municipal sewage system
$699,900
Office
Real Broker B.C. Ltd
Loan Amount:
$559,920
Estimated Monthly Payment:
$2,729
This is an estimate for informational purposes only. Consult with a financial advisor.
Similar Listings

$699,900
551 Ellis Street Unit# 101
Penticton
Duplex

$699,900
551 Ellis Street Unit# 102
Penticton
Duplex

$699,000
1472 Columbia Street
Penticton
Duplex

$689,900
169 Maple Street Unit# 103
Penticton
Duplex