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135 ORCHARD Avenue
Penticton British Columbia V2A1X7 Canada

$1,795,000

Active Listing ID 10310093
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$1,795,000

Active Listing ID 10310093
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135 ORCHARD Avenue 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:203)

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Property Features

  • Facts
  • Property Sub-type: Other
  • Features
  • Roof Type: Tar & gravel, Other, Unknown
  • Heating Systems: Heat Pump, Forced air, See remarks
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 5/15/2024 4:32:46 PM GMT
Source Updated Date: 11/21/2024 4:29:26 AM GMT

Courtesy of: John Green, Personal Real Estate Corp, RE/MAX Penticton Realty