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:4069)
Address
506 NELSON Avenue
List Price
$615,000
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
British Columbia
Sub-Area
Penticton
Bedrooms
3
Bathrooms
2
Floor Area
1,586 Sq. Ft.
Lot Size
0.08 Sq. Ft.
Year Built
1940
MLS® Number
10392992
Listing Brokerage
Chamberlain Property Group Inc.
Postal Code
V2A2L2
Ownership
Freehold
Parking Places (Total)
3
Site Influences
Public Transit, Park, Recreation, Schools, Shopping, View
Features
Level lot
Community Features
Family Oriented
Appliances
Refrigerator, Dryer, Oven - Electric, Washer, Washer/Dryer Stack-Up
Heat Source
Electric
Heat Type
Baseboard heaters
Number Of Floors In Building
3
Water Source
Municipal water
Access To Property
Easy access
Sewer
Municipal sewage system
