329 Nanaimo Avenue W Penticton, British Columbia V2A 1N8
$499,900
Prime investment and future development opportunity in the heart of Penticton - just steps to shopping, parks, and Okanagan Beach. This Triplex sits on a flat 0.11-acre (126 x 38 ft) lot and generates a strong rental income, making it an ideal holding property with immediate income and long-term upside. The property features three units: two 2 bed / 1 bath suites (approx. 675 sqft and 650 sqft) with shared laundry, and one 1 bed / 1 bath suite (approx. 550 sqft) with in-unit laundry. Each unit includes its own outdoor space for patio use or gardening, and all are separately metered for gas and electrical. Zoned RM3, this property offers exceptional redevelopment potential with allowances for apartments, townhomes, congregate housing, daycare facilities, and more. Zoning permits up to 24m in height (approx. 6–8 storeys) making this a prime high-density site in a rapidly growing area. A rare opportunity to secure cash flow today while positioning for significant future redevelopment value. (id:36541)
Property Details
| MLS® Number | 10385979 |
| Property Type | Single Family |
| Neigbourhood | Main North |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 5 |
| Constructed Date | 1930 |
| Construction Style Attachment | Attached |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, See Remarks |
| Stories Total | 1 |
| Size Interior | 1875 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac|under 1 Acre |
| Size Total Text | 0.11 Ac|under 1 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Full Bathroom | 7' x 8' | ||
| Main Level | Bedroom | 10' x 9' | ||
| Main Level | Living Room | 12' x 12' | ||
| Main Level | Kitchen | 15' x 8' | ||
| Main Level | Full Bathroom | 7' x 5' | ||
| Main Level | Bedroom | 9' x 9' | ||
| Main Level | Bedroom | 10' x 9' | ||
| Main Level | Kitchen | 8' x 10' | ||
| Main Level | Living Room | 13' x 12' | ||
| Main Level | Full Bathroom | 18' x 4' | ||
| Main Level | Kitchen | 11' x 10' | ||
| Main Level | Living Room | 13' x 12' | ||
| Main Level | Bedroom | 8' x 10' | ||
| Main Level | Primary Bedroom | 10' x 12' |
https://www.realtor.ca/real-estate/29697946/329-nanaimo-avenue-w-penticton-main-north
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302 Eckhardt Avenue West
Penticton, British Columbia V2A 2A9
(250) 492-2266
(250) 492-3005
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May 04 2026 09:18:51
Okanagan-Mainline Real Estate Board
RE/MAX Penticton Realty