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601 Ellis Street Unit# 101, Penticton

Property Description

Welcome to this stunning half duplex in the heart of Penticton, where modern living meets exceptional investment potential. Built in 2015, this well-maintained property features 3 bedrooms and 2.5 bathrooms in the main residence, plus a legal 1-bedroom suite offering flexibility as a mortgage helper, rental income source, or space for extended family. With a projected cap rate nearing 7%, low operating costs, and efficient design, this property presents a compelling opportunity for investors seeking strong cash flow and long-term growth. The legal suite adds valuable income potential while enhancing overall versatility. Located in one of Penticton’s most desirable central neighborhoods, you'll enjoy easy access to downtown, shopping, schools, beaches, the bike path, restaurants, and the South Okanagan Events Centre. This prime location continues to attract quality tenants and supports long-term value appreciation. Whether you're an investor looking for immediate income, a young family seeking flexibility and convenience, or someone downsizing without sacrificing lifestyle, this property checks all the boxes. Modern finishes, a functional layout, excellent revenue potential, and an unbeatable location combine to create an outstanding opportunity. Currently tenanted. (id:47466)

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Full Address:
601 Ellis Street Unit# 101, Penticton, British Columbia
Price:
$ 699,900
MLS Number:
10391522
List Date:
June 15th, 2026
Neighbourhood:
Main North
Lot Size:
0.02 ac
Year Built:
2015
Taxes:
$ 3,474

Property Details

Bedrooms:
4
Bathrooms:
4
Appliances:
Refrigerator, Range - Electric, Dishwasher, Washer & Dryer
Flooring:
Laminate
Heating:
Baseboard heaters, Electric

Interior Features

Architectural Style:
Other
Storeys:
3
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Other
Garage:
Stall
Garage Spaces:
1
Ownership Type:
Condo/Strata
Taxes:
$ 3,474

Building Features

Finished Area:
1704 sq.ft.

Floors

Lot Size:
0.02 ac

Land

Amenities Nearby:
Pets Allowed

Neighbourhood Features

Ratings

Commercial Info

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Steve Thompson
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Agent: Chrysta CleverleyOffice: Real Broker B.C. Ltd

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