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Blog by Mike Ingraham & Jaclyn Kinrade

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New Listing!

We just finished uploading this Townhouse for sale, #314 3140 Wilson Street, Penticton, BC

INVESTORS: A unique opportunity to buy in Tiffany Gardens for a discounted price. Open-concept living/dining/kitchen on the ground floor; large lofted bedroom with bathroom, laundry and storage on the second floor, which opens onto its own deck. Original finishings. Older bachelor tenant has occupied the suite since 2005 and has smoked in the unit during that time. The opportunity: he wants to stay in it "as is" and is willing to sign a new rental agreement for $800/month plus utilities. Aside from the smoking, he's an ideal tenant - quiet and has never missed a rent payment. Buy now then improve the unit when he eventually vacates. Recent sales of 2-bedroom units with original cabinets but some updates have been $230/sq. ft. (one was occupied by a smoker). No recent sales of one-bedroom units but the probable value with the same updates would be $180,000-$190,000. Showings: 24-hours notice please. 19+, no pets.

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