https://www.city2cityrealty.com
135 ORCHARD Avenue, Penticton
Penticton
Other
$1,995,000
For sale
0 BEDS
0 BATHS

REQUEST DETAILS

Description

Introducing Orchard House ??? an iconic 13,000 sq ft mixed-use commercial building situated on a half-acre of underutilized land, offering ample parking and extra yard/land space. This versatile, well maintained and upgraded property encompasses six apartments, an event hall with amenities and a large commercial rental space on the second floor currently leased by a successful Dance School. The well-maintained apartments offer a mix of 4 1-bedroom 1-bath units and 2 studios, all currently occupied with tenants under market rents. The main entrance to the building has a spacious vestibule, complemented by commercial washrooms and additional storage rooms. The Event Hall features a commercial kitchen, a fully equipped music/theater stage, along with designated office and storage spaces. Accommodating up to 160 people. The second floor, spanning approx 4,000 sq. ft. has been configured into 5 areas to accommodate the current tenant. This is a fantastic investment opportunity with a good income stream and is priced equivalent to its land value offering many options for future growth and potential expansion.

General Info

10304217
0
Forced air, Heat Pump, See remarks
0.5 ac|under 1 acre
Listed BY: John Green, RE/MAX Penticton Realty
Mortgage Calculator
Purchase Amount $ 1,995,000
Down Payment
Interest Rate
Payment Interval:
Mortgage Term (Years)

Similar Properties

DL 11695 AHBAU LAKE
1 BEDS 0.5 ac|under 1 acre
Lot 18 Benchlands Drive
0.5 ac|under 1 acre
202 9453 120st  Delta BC,Delta
CITY 2 CITY REAL ESTATE SERVICES
135 ORCHARD Avenue, Penticton
Disclaimer: The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.