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355 & 357 Gwyer Street, Penticton
2026-09-08
Quick Summary
MLS®#10399671
Property Description
A unique opportunity in a sought-after Penticton location, this full duplex offers rental income, flexible living arrangements and future potential. Perched above the neighbourhood, the property enjoys city views with peekaboo lake views and an elevated setting that could offer even greater views with future redevelopment. One side is owner-occupied with living space upstairs and down, plus an in-law-style basement suite offering rental potential. The other side features separate upper and lower tenant accommodations, creating multiple income streams and flexibility for an investor or owner-occupier. R4-L zoning allows for small-scale multi-unit residential development, including up to four dwelling units and buildings up to three storeys above approved grade. The elevated position could provide an opportunity to maximize city and lake views with a thoughtfully designed future project. Existing rents are below market, offering potential for future upside. Major components have been updated, including the roof and heat pumps. Mature landscaping provides established character, with room to garden, entertain and make the grounds your own. Close to downtown Penticton, amenities, shopping, restaurants and the lake, this property offers plenty of options for investors, owner-occupiers or those looking toward future development. Zoning, suite status, development potential, measurements, setbacks, servicing and other development considerations should be verified by the buyer. (id:32467)
Property Features
Building
- Basement Type: Full
- Construction Style: Semi-detached
- Cooling Type: Heat Pump
- Exterior Finish: Stucco
- Fireplace: No
- Interior Size: 3978 sqft
- Building Type: Duplex
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Two Balconies
Land
- Land Size: 0.26 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Chamberlain Property Group
Listing information last updated on: 2026-09-03 22:17:58
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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.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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