651 Braid Street Unit# 101, Penticton | $765,000

Welcome to this quality-built 2019 half duplex, located in a cute and quiet residential neighbourhood just steps from schools, parks, and shopping. This three-level home features a 2-bedroom legal basement suite, making it an excellent investment opportunity or a perfect home with a mortgage helper. The upper two levels offer a spacious 3-bed, 3-bath layout, while the basement suite includes 2 beds and 1 bath. This unit is equipped with high-end finishes, including gas ranges, double French door fridges, dishwashers, slimline microwaves???all designer labels???undermounted sinks, and professional blinds. Each unit has front-loading laundry systems, LED lights, forced air natural gas heat, electric fireplaces, and 10-foot ceilings on the main level. The deluge system for fire suppression and a 1-hour fire-rated party wall help keep insurance levels low. Both units have fully covered patio areas, private storage and a low maintenance backyard. Potential rents bring in $2,800 for the upper unit and $1,800 for the basement unit, totalling $4,800 in rental income with a 6.0% cap rate. Or live in the top unit and enjoy a great mortgage helper below! Don't miss out on this fantastic opportunity to own a modern, income-generating property in a prime location! QUICK POSSESSION AVAILABLE!

Description

Welcome to this quality-built 2019 half duplex, located in a cute and quiet residential neighbourhood just steps from schools, parks, and shopping. This three-level home features a 2-bedroom legal basement suite, making it an excellent investment opportunity or a perfect home with a mortgage helper. The upper two levels offer a spacious 3-bed, 3-bath layout, while the basement suite includes 2 beds and 1 bath. This unit is equipped with high-end finishes, including gas ranges, double French door fridges, dishwashers, slimline microwaves???all designer labels???undermounted sinks, and professional blinds. Each unit has front-loading laundry systems, LED lights, forced air natural gas heat, electric fireplaces, and 10-foot ceilings on the main level. The deluge system for fire suppression and a 1-hour fire-rated party wall help keep insurance levels low. Both units have fully covered patio areas, private storage and a low maintenance backyard. Potential rents bring in $2,800 for the upper unit and $1,800 for the basement unit, totalling $4,800 in rental income with a 6.0% cap rate. Or live in the top unit and enjoy a great mortgage helper below! Don't miss out on this fantastic opportunity to own a modern, income-generating property in a prime location! QUICK POSSESSION AVAILABLE!

General Info


MLS Listing ID: 10318699 Bedrooms: 5 Bathrooms: 4 Year Built: 2019
Parking: N/A Heating: Baseboard heaters, Forced air, See remarks Lotsize: 0.1 ac|under 1 acre Air Conditioning : Central air conditioning
Home Style: Storage, Locker Finished Floor Area: N/A Fireplaces: N/A Basement: N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .