135 Orchard Avenue. Penticton, British Columbia V2A1X7
Description
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:6289)
135 Orchard Avenue - Subdivision Statistics
Avg. asking price | $931,942 |
Price per sq. ft. | $567 |
Median price | $655,000 |
Number of homes for sale in Main North | 173 |
Number of homes for sale in Penticton | 529 |
Avg. Days on Market | N/A |
Essential Information
- Listing #10310093
- Price$1,795,000
- Bathrooms0.00
- Acres0.50
- TypeOther
- Sub-TypeResidential Commercial Mix
Amenities
- Parking Spaces20
Heating
Forced air, Heat Pump, See remarks
Additional Information
- ZoningUnknown
Community Information
- Address135 Orchard Avenue
- SubdivisionMain North
- CityPenticton
- ProvinceBritish Columbia
- Postal CodeV2A1X7
Interior
- Interior FeaturesDrywall
Exterior
- RoofTar & gravel,Other
Listing Details
- Listing OfficeRE/MAX Penticton Realty