1016 Main StreetOkanagan FallsBritish ColumbiaV0H1R0

AMAZING INVESTMENT OPPORTUNITY!!! 7 UNIT COMPLEX, potential RENTAL INCOME of $96,000/year (3 large commercial units plus 4 residential units) in prime location in the heart of Okanagan Falls in gorgeous South Okanagan Valley, 10 minutes from Penticton. PRIME HIGHWAY EXPOSURE mixed-use commercial / residential building with all four residential units (2 units located on the upper level of main building and 2 units within attached duplex at the back) currently rented to long term tenants, one commercial space currently rented and two commercial units available for rent or for your immediate use, downtown-commercial zoning, allowing for an array of uses. 5 out of 7 units currently rented, current rental income, $60,000/year, potential rental income $96,000 or more on full occupancy. Separate ductless heating and air conditioning systems in all commercial units, separate bathrooms and extra storage. Seize this chance – it is just waiting for an investor to unlock its full potential! (id:35966)

Listing Details

Property Details

Full Address:
1016 MAIN Street, Okanagan Falls, British Columbia
Price:
$ 1,599,900
MLS Number:
10302613
List Date:
January 17th, 2024
Neighbourhood:
Okanagan Falls
Lot Size:
0.17 ac
Year Built:
1990
Taxes:
$ 6,228

Interior Features

Air Conditioning:
Wall unit, See Remarks
Heating:
Electric, See remarks, Other

Building Features

Storeys:
2
Sewer:
Municipal sewage system
Water:
Irrigation District
Roof:
Tar & gravel, Unknown
Zoning:
Unknown
Garage:
Other
Ownership Type:
Freehold
Taxes:
$ 6,228

Floors

Finished Area:
3640 sq.ft.

Land

Lot Size:
0.17 ac

Neighbourhood Features

Ratings

Commercial Info

Location

Neighbourhood Details