$499,900
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329 Nanaimo Avenue W, Penticton, BC V2A1N8

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5 Beds
3 Baths
1,975 Sq Ft

Prime investment and future development opportunity in the heart of Penticton - just steps to shopping, parks, and Okanagan Beach. This Triplex sits on a flat 0.11-acre (126 x 38 ft) lot and generates a strong rental income, making it an ideal holding property with immediate income and long-term upside. The property features three units: two 2 bed / 1 bath suites (approx. 675 sqft and 650 sqft) with shared laundry, and one 1 bed / 1 bath suite (approx. 550 sqft) with in-unit laundry. Each unit includes its own outdoor space for patio use or gardening, and all are separately metered for gas and electrical. Zoned RM3, this property offers exceptional redevelopment potential with allowances for apartments, townhomes, congregate housing, daycare facilities, and more. Zoning permits up to 24m in height (approx. 68 storeys) making this a prime high-density site in a rapidly growing area. A rare opportunity to secure cash flow today while positioning for significant future redevelopment value. (id:58753)

Listing By: Josh Janz - RE/MAX Penticton Realty cncrea2 Realty.com
  • MLS® 10385979
  • Date Listed05/04/2026
  • Days on Realty 85 Days
  • Bedrooms 5
  • Bathrooms 3 baths
  • Lot Size 4,792 sq. ft
  • Sewer Public Sewer
  • Property Type Triplex
  • Year Built 1930
  • Water Public
  • Square Feet 1,975 sq. ft
  • Price Per Sq. Ft $253.11

Interior Features

  • Heating Baseboard heaters, Electric, See remarks

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 4,791.60
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V2A1N8

Discover key demographics, population statistics, and environmental insights for the Penticton, BC area.

Walkability in BC / V2A1N8

Source: Walk Score

85/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

78/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 24/100, Transit Score: 0/100, Bike Score: 32/100.

Points of Interest near 329 Nanaimo Avenue W, Penticton, BC V2A1N8

Frequently Asked Questions for 329 Nanaimo Avenue W

Source: Realty.com

329 Nanaimo Avenue W, Penticton, BC V2A1N8 in Penticton, BC V2A1N8 is a triplex listed at $499,900. Highlights include 5 bedrooms, 3 bathrooms, 1,975 sq. ft., built in 1930, $253 per sq. ft.. Realty.ca has 13 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 13 photos of 329 Nanaimo Avenue W.

Our records indicate that 329 Nanaimo Avenue W was built in 1930.

The full address for this home is 329 Nanaimo Avenue W, Penticton, BC V2A1N8.

329 Nanaimo Avenue W has been listed on Realty.com since Mon May 04, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 24/100, Transit Score: 0/100, Bike Score: 32/100.

Listing provided courtesy of: RE/MAX Penticton Realty
Listing agent: Josh Janz

This content last refreshed on 2026-07-28 18:16:10. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.