102 551 ELLIS STREET - 4 Beds 4 Bath - $719,000

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$719,000
102 551 ELLIS STREET
Penticton, British Columbia V2A4M4
MLS® Number: 10382792
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 Penticton townhouse is priced slightly above the local average but offers exceptional value with its legal basement suite and recent construction. Leveraging the property's central location and mortgage-helper potential, this listing is well-suited for both owner-occupiers seeking a turnkey investment and savvy real estate investors targeting a reliable rental income stream.

Property Details

Bedrooms4
Bathrooms4
Living Area1,865 sq ft
Year Built2017
Property TypeTownhouse
Parking2
HeatingBaseboard heaters, Forced air, Electric, See remarks
CoolingCentral air conditioning
AppliancesWasher, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave
CommunityPets Allowed
Annual Taxes$4,384
CityPenticton
Postal CodeV2A4M4
MLS® #10382792

Location

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

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