101 & 102 551 ELLIS STREET - 8 Beds 8 Bath - $1,438,000

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$1,438,000
101 & 102 551 ELLIS STREET
Penticton, British Columbia V2A4M4
MLS® Number: 10382800
8Beds
8Baths
3,730Sq Ft
4Parking
2017Year Built
TownhouseType

About This Property

Welcome to this quality-built duplex with LEGAL basement suite(s) 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 townhome is priced competitively compared to the Penticton market average, offering investors a compelling opportunity to capitalize on the city's growing rental demand. With eight bedrooms and legal basement suites, this property is ideally suited for investors or extended families seeking a flexible living arrangement and potential rental income.

Property Details

Bedrooms8
Bathrooms8
Living Area3,730 sq ft
Year Built2017
Property TypeTownhouse
Parking4
HeatingBaseboard heaters, Forced air, Electric, See remarks
CoolingCentral air conditioning
AppliancesWasher, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave
CommunityPets Allowed
Annual Taxes$8,493
CityPenticton
Postal CodeV2A4M4
MLS® #10382800

Location

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

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