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723 Government Street, Penticton
2024-03-20
Quick Summary
- Location
- 723 Government Street, Penticton, British Columbia V2A4T3
- Price
- $1,999,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Year of Construction:
- 1996
MLS®#10307542
Property Description
Exceptional opportunity to invest in a meticulously stratified 8-condo apartment building, constructed in 1996 with separate titles for each unit. Featuring a balanced distribution of four condos on both the upper and ground levels, residents can enjoy the luxury of balconies or patios, depending on their unit. Ample parking is provided with one open space allotted per unit. Each condo boasts approximately 506 square feet of space, comprising a bedroom, living room with gas fireplace and hardwood floors, storage units, an open kitchen-living area layout, a four-piece bath, and in-suite laundry facilities. Four of the units have undergone extensive renovations, enhancing their appeal and value. With a potential rental income of $1400 per month per unit, this easily manageable property with low expenses represents a lucrative investment. Ideally located within walking distance of downtown amenities, beaches, and the hospital, this building already houses long-term tenants, offering a secure and promising investment opportunity. The entire building is available for sale, presenting an attractive prospect for discerning investors. (id:32467)
Property Features
Building
- Cooling Type: Wall unit
- Fireplace: No
- Building Type: Multi-Family
- Stories: 2
- Utility Water: Municipal water
Land
- Land Size: 0.22 ac|under 1 acre
Maintenance Fee
- Maintenance Fee: 0.00
Ownership
- Type: Strata
Storage Type
- Storage Type: Storage, Locker
Information entered by RE/MAX Penticton Realty
Listing information last updated on: 2024-06-13 19:29:46
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
Yes, and yes.
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