156 Nanaimo Avenue E Penticton, British Columbia V2A 1M4

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5,196 sqft

Radiant Heat, See Remarks Level

$1,295,000

Excellent investment opportunity in a central Penticton location. This 7-unit multifamily property offers established rental income with future upside. Five units are currently tenanted, while two vacant units provide a new owner the opportunity to select tenants and establish current market rents. The property consists of two separate titles and is zoned C5 (Urban Centre Commercial), providing additional long-term flexibility. Lane access and frontage along Nanaimo Avenue and Van Horne Street further enhance the property. For buyers looking to expand their investment, the C5-zoned vacant lot at 313 Van Horne Street, directly adjoining the property, is also available separately. An excellent opportunity to acquire an income-producing property with additional future potential in the heart of Penticton. Buyers to verify development possibilities with the City. (id:64133)

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Property Details

MLS® Number	10402298
Property Type	Multi-family
Neigbourhood	Main North
AmenitiesNearBy	Shopping
Features	Level Lot, Corner Site

Building

Constructed Date	1940
Heating Type	Radiant Heat, See Remarks
Stories Total	3
Size Interior	5,196 Sqft
Type	Multi-family
Utility Water	Municipal Water

Parking

Street

Land

Acreage	No
Land Amenities	Shopping
Landscape Features	Level
Sewer	Municipal Sewage System
Size Irregular	0.18
Size Total	0.18 Ac\|under 1 Acre
Size Total Text	0.18 Ac\|under 1 Acre

Aerial

Mark Gidden
Realtor/Founder

Lloyd Taverner
Realtor/Senior Partner

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Last Updated
October 01 2026 11:04:06

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TESTIMONIALS

Our Valued Clients

Ashley Harvey

Mark and his team helped us find our forever home, and we are so grateful for his experience and expertise. Mark was so patient while our infant cried while we hunted for the perfect house. We will use Mark and his team for years to come.
Jen Platman

Lloyd was the best realtor we’ve ever worked with. He understands people and takes the time to listen. He was extremely helpful and made the process stress-free and seamless. Lloyd goes above and beyond for his clients and it shows. He truly enjoys what he does, he’s honest and makes you feel at ease. Our new home is our castle and Lloyd did everything to help us get there. This guy is real gem!
Tom S

Mark helped us look for, negotiate, and purchase our family home. He was diligent, extremely professional and has an unsurpassed knowledge of the Kelowna and wider Okanagan areas. His name is mentioned anytime we have a friend looking to buy or sell their home. Many thanks Mark.