101 551 ELLIS STREET - 4 Beds 4 Bath - $719,000

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$719,000
101 551 ELLIS STREET
Penticton, British Columbia V2A4M4
MLS® Number: 10382783
4Beds
4Baths
1,865Sq Ft
2Parking
2017Year Built
TownhouseType

About This Property

Welcome to this quality-built half duplex with a LEGAL basement suite by Trainor Construction, completed in 2017 and ideally located in the heart of Penticton. Just steps to shopping, farmers market, breweries, transit, and schools! This is a prime opportunity for investors or homeowners seeking a mortgage helper. The upper unit offers a functional three-level layout with the main floor featuring an open living space and convenient guest bathroom. Upstairs includes 2 bedrooms and 2 full bathrooms and the 3rd bedroom is located on the lower level. This unit also includes a small fenced yard. Downstairs, the legal 1 bedroom, 1 bathroom suite has its own private entrance—perfect for rental income or Airbnb potential. Both suites include in-unit laundry, designated parking and are separately metered for utilities, offering flexibility and ease of management. The main residence is equipped with gas forced air heating and central A/C, while the lower suite features electric baseboard heat. Currently fully tenanted with solid income. A versatile and centrally located investment offering strong income potential and long-term value. NOTE: photos are from 2017 at time of construction. (id:64973)

Rose's Thoughts
Rose Marie Manno

At $386 per square foot, this townhouse is competitively priced compared to the Penticton market average of $415 per square foot. The legal basement suite makes this property particularly attractive for investors seeking a mortgage helper or young families in need of additional living space.

Property Details

Bedrooms4
Bathrooms4
Living Area1,865 sq ft
Lot Size0.05 (0 acres)
Year Built2017
Property TypeTownhouse
Parking2
HeatingBaseboard heaters, Forced air, Electric, See remarks
CoolingCentral air conditioning
CommunityPets Allowed
Annual Taxes$4,109
CityPenticton
Postal CodeV2A4M4
MLS® #10382783

Location

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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.

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