2 Storey for sale sold Penticton

Final amount : $340,000


Owner's comments



Tax assessment is $405,000

Bank appraised at $385,000

REVENUE PROPERTY with the potential of $2200/mth. Unique home with an engineered three-level addition, offers an opportunity for potential revenue for the homeowner. A geo-technical report has been done on not only the building expansion, but also on the mountain bluff behind the lots.  Where is the next set of townhouses going?  Its very possible you can build a 6 plex on this property as it is large enough. The city would encourage rezoning of the property. 

The original home offers an eat-in kitchen, a living room with maple hardwood flooring and large corner windows, a main floor bathroom with combination tub/shower, a spacious laundry room and 2 bedrooms, both with laminate flooring, windows and closets. There is a door from the master bedroom to the new addition. The 2 suite addition can also be accessed from the covered carport/patio, providing a private entry.

The impressive second level addition features an open-concept living/dining/kitchen with patio doors to a private 20'x4' balcony. There is a bedroom with laminate, closet and window and the bathroom has ceramic tile flooring, vanity, combination tub/shower with surround and modern lighting throughout the suite.

The third level is also set up as a suite and features an open-concept living area with laminate,  bedroom with carpet, bay window and walk-through closet to the bathroom. This suite features modern light fixtures, vaulted ceiling, crown moulding and patio doors onto a wrap-around balcony.

The yard is fully fenced, landscaped, offers mature trees, garden area, shed and a large detached garage/workshop with windows, is insulated, wired and has a wood burning stove.

The lower level of the expansion provides a 20'x15' carport/covered patio, with access to an electrical room. The double paved driveway allows for several vehicles, RV, toys etc.

This is a great family home or investment, offering many options to provide a mortgage helper income.



  • Property Style : 2 storey
  • Price Detail : Reduced Price
  • Number of bedrooms : 4
  • Number of bathrooms : 3
  • Bathroom details : 2
  • Number of half baths : 1
  • Asking Price : $354,000
  • Living space area (basement excl) : 2,300 ft (213.68 m)
  • Lot dimensions : 19,920 ft (1,850.63 m)
  • Year of construction : 1962

Other details :

  • External facing :
    • Vinyl Siding
  • Floor coverings :
    • Laminate
    • Hardwood
    • Ceramic
    • Linoleum
    • Carpet
  • Heating source :
    • Forced air
    • Wood stove
  • Bathroom :
    • Bath and shower
  • Renovations and upgrades :
    • Addition
  • Garage :
    • Detached
    • Double
  • Carport :
    • Attached
  • Parking / Driveway :
    • Double drive
  • Location :
    • Near park
    • No backyard neighbors
    • Residential area
    • Public transportation
  • Lot description :
    • Mature trees
    • Hedged
    • Fenced
    • Patio/deck
  • Near Commerce :
    • Supermarket
    • Drugstore
    • Financial institution
    • Restaurant
    • Shopping Center
    • Bar
  • Near Health Services :
    • Hospital
    • Dentist
    • Medical center
    • Health club / Spa
  • Near Educational Services :
    • Daycare
    • Kindergarten
    • Elementary school
    • High School
    • College
  • Near Recreational Services :
    • Golf course
    • Gym
    • Sports center
    • Library
    • Museum
    • ATV trails
    • Ski resort
    • Casino
    • Bicycle path
    • Pedestrian path
    • Swimming pool
  • Near Tourist Services :
    • Hotel
    • Airport
    • Port / Marina
    • Car Rental

Mortgage payments

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Mortgage payments


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Annual and Monthly costs

Expenses summary Monthly Annual
Property taxes $250.74 $3,008.91
Total known costs $250.74 $3,008.91

Steps to buy this property

So you decided you like this property and would like to make an offer.

Here are the steps.

  1. 1. Investigate Mortgage Options

    As soon as possible in your buying process, make sure you can get the necessary financing to acquire the property. Consult a financial advisor and/or get a pre-approved mortgage. You will then know the exact amount of the loan that your financial institution is willing to lend you.

  2. 2. Get a Lawyer

    It's important to hire a lawyer who specializes in real estate. You could find yourself in a bidding war for the home you want, and it doesn't hurt to have a lawyer look over any offer to purchase before you submit it. A real estate lawyer will also conduct a title search and check for outstanding taxes and liens on the property.

  3. 3. Make the Offer

    You can contact your lawyer for help with filling out the offer document, which can be downloaded here or provided to you by the sellers. You then present the written offer to the seller. This document includes the price, conditions, deposit and closing date. The seller either accepts, rejects or counters the offer (also called "signing back" the offer).

  4. 4. Home Inspection or New Home Warranty

    Hiring an inspector is voluntary, but it's a smart idea for resale homes. You can choose to make your offer to purchase the home conditional on the outcome of your inspection. If your inspection reveals major problems, you can negotiate those repairs with the seller before your deal closes, or legally withdraw your offer.

    What is a New Home Warranty?

    New Home Warranties are typically used when you buy a brand new home. The builder provides a New Home Warranty to cover things like deposits and completion dates, along with labour and materials for at least one year after the home was built. It also protects you against structural problems for a minimum of five years.

  5. 5. Finalizing the Deal

    Finalizing the deal will include the final approval of your mortgage, a meeting with your lawyer to finalize details like insurance and conditions, and the results of a title search.

  6. 6. Moving Preparations

    There's a lot to do before you move. Line up utilities and other services like phone, cable and internet. If you rent, you must give your landlord notice. Also, forward your mail to your new address and hire a moving company. Preparing these things well in advance will help you make a smooth transition to your new home.

  7. 7. Closing Day

    This is the day you legally get possession of the house. Your lawyer completes the paperwork (so the home is in your name), payments are finalized and you receive the deed and the keys. Congratulations on your new home!

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