Team Thompson Logo

723 Government Street

$2,195,000 |  Beds |  Baths |
Gallery
Map

723 Government Street

MLS #10307542

Property Description

Exceptional opportunity to invest in a meticulously stratified 8-condo apartment building, constructed in 1996 with separate titles for each unit. Featuring a balanced distribution of four condos on both the upper and ground levels, residents can enjoy the luxury of balconies or patios, depending on their unit. Ample parking is provided with one open space allotted per unit. Each condo boasts approximately 506 square feet of space, comprising a bedroom, living room with gas fireplace and hardwood floors, storage units, an open kitchen-living area layout, a four-piece bath, and in-suite laundry facilities. Four of the units have undergone extensive renovations, enhancing their appeal and value. With a potential rental income of $1400 per month per unit, this easily manageable property with low expenses represents a lucrative investment. Ideally located within walking distance of downtown amenities, beaches, and the hospital, this building already houses long-term tenants, offering a secure and promising investment opportunity. The entire building is available for sale, presenting an attractive prospect for discerning investors. (id:47466)

Share this Listing:

Price:$2,195,000
MLS® Number:10307542
Full Address:723 Government Street, Penticton, British Columbia, V2A4T3
Built In:1996
List Date:March 20th, 2024
Lot Size:0.220 ac|under 1.000 acre

Property Specifications

Air Conditioning:Wall unit

Interior Features

Storeys:2
Strata/Maintenance Fees:$0
Ownership Type:Strata
Water Service:Municipal water
Zoning:Unknown
Garage / Parking Type:See Remarks

Building Features

Amenities Nearby:Pets Allowed

Other

Mortgage Calculator

Get Directions

Contact Team Thompson

Steve Thompson
Name(Required)
This field is for validation purposes and should be left unchanged.

Agent: Amar Kahlon | Office: RE/MAX Penticton Realty
Multiple Listing Service (MLS) trademark® The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. ©2017 The Canadian Real Estate Association. All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.

Related Listings

Contact Team Thompson

We are here to help

Name(Required)
This field is for validation purposes and should be left unchanged.

Helpful Links

crossmenuchevron-down