135 Orchard Avenue Penticton, British Columbia V2A 1X7
$1,795,000
Introducing Orchard House – an iconic 13,000 sq ft mixed-use commercial building situated on a half-acre of underutilized land, offering ample parking and extra yard/land space. This versatile, well maintained and upgraded property encompasses six apartments, an event hall with amenities and a large commercial rental space on the second floor currently leased by a successful Dance School. The well-maintained apartments offer a mix of 4 1-bedroom 1-bath units and 2 studios, all currently occupied with tenants under market rents. The main entrance to the building has a spacious vestibule, complemented by commercial washrooms and additional storage rooms. The Event Hall features a commercial kitchen, a fully equipped music/theater stage, along with designated office and storage spaces. Accommodating up to 160 people. The second floor, spanning approx 4,000 sq. ft. has been configured into 5 areas to accommodate the current tenant. This is a fantastic investment opportunity with a good income stream and is priced equivalent to its land value offering many options for future growth and potential expansion (id:46227)
Property Details
| MLS® Number | 10310093 |
| Property Type | Other |
| Neigbourhood | Main North |
| Parking Space Total | 20 |
Building
| Heating Type | Forced Air, Heat Pump, See Remarks |
| Roof Material | Tar & Gravel,other |
| Roof Style | Unknown,unknown |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Current Use | Mixed Use |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.5 |
| Size Total | 0.5 Ac|under 1 Acre |
| Size Total Text | 0.5 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/26757530/135-orchard-avenue-penticton-main-north
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 16 2024 05:03:44
Okanagan-Mainline Real Estate Board
RE/MAX Penticton Realty