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1016 MAIN Street

$1,599,900 |  Beds |  Baths | 3,640 Sq.Ft.
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1016 MAIN Street

MLS #10302613

Property Description

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:47466)

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Price:$1,599,900
MLS® Number:10302613
Full Address:1016 MAIN Street, Okanagan Falls, British Columbia, V0H1R0
Built In:1990
List Date:January 15th, 2024
Lot Size:0.1.00070 ac|under 1 acre

Property Specifications

Air Conditioning:See Remarks, Wall unit
Heating Type:Electric

Interior Features

Storeys:2
Ownership Type:Freehold
Utility Sewer:Municipal sewage system
Water Service:Irrigation District
Total Finished Area:3640 sqft
Roof:Tar & gravel
Zoning:Unknown
Garage / Parking Type:Other

Building Features

Square Footage:3640 sqft

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Agent: Alina Lovin | Office: RE/MAX Realty Solutions
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