Area: British Columbia
Advertise With UsSitemap
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:44056)

Property Details

Full Address:
355 & 357 Gwyer Street, Penticton, British Columbia
Price:
$ 1,375,000
MLS Number:
10399671
List Date:
September 3rd, 2026
Neighbourhood:
Uplands/Redlands
Lot Size:
0.26 ac
Year Built:
1969
Taxes:
$ 5,771

Interior Features

Bedrooms:
5
Bathrooms:
4
Air Conditioning:
Heat Pump
Heating:
Heat Pump
Basement:
Full

Building Features

Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Stucco
Garage Spaces:
4
Ownership Type:
Freehold
Taxes:
$ 5,771

Floors

Finished Area:
3978 sq.ft.

Land

Lot Size:
0.26 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

Mortgage Calculator

powered by Ratehub.ca
Kari Pennington Chamberlain Property Group
 250-462-7555
Request Listing Info
  • This field is hidden when viewing the form

Is this your listing?Advertise With Us!

Listing Agent(s)

Listing: Kari Pennington
Chamberlain Property Group
Co-Listing: Brandi Little
Chamberlain Property Group

Similar Listings

Copyright © Real Estate Guide 2021 | Legal | Sitemap
Area Modal Trigger
X